If Obama is elected President, he will have been in his tenth month as President in October 2009. It will be interesting to see what shape the TSP is in at that time. With the various proposals for "reforming" the TSP being offered by the Socialists in Congress (AKA Democrats) do not be surprised if TSP is even further down! For those Obamaphiles who are part of the TSP, please remember that you voted for him. If I am wrong, I will apologize in early November, 2009.
Re: TSP in October 2009
Program Analyst US ARMY Tue Nov 4, 2008 9:36 AM
You can keep you apology. We are moving on. Just sit back and enjoy! Go Obama!
Re: TSP in October 2009
accountant, retired DOE, Albuquerque Tue Nov 4, 2008 9:40 AM
Calling Liberals socialist tells me more about you than Congress. I bet you're white male midlde aged and wear a brown shirt. You are a right wing extreemest. Look at the stock market 10 months after "Socialist" FDR. The market was down 90% under Hoover and 36% under Bush the 2nd. THE SOCIALIST COULDN"T DO WORSE!!
Re: TSP in October 2009
manager DoD Tue Nov 4, 2008 9:57 AM
A recent article in the WSJ highlighted that part of the reason for the stock market's terrible performance is fear of the Obama plan for America. The market may have already priced in a fear of how he will work to remove productive elements of our economy through redistribution, higher taxes (including those he hasn't discussed or admitted to yet) and the left-wing social programs about to be introduced or enhanced. "Nothing reveals Mr. Obama's visceral hostility to business more than the constant urging of our best and brightest to desert the productive private sector ("greed") and go into public service like politics or community organizing (i.e., organizing people to press government for more handouts)....The silver lining in all this is that the market has already "discounted" an Obama win, so if that happens you won't wake up on Nov. 5 to find your remaining savings down the drain. If the unexpected happens, you may be in for a pleasant surprise."
Re: TSP in October 2009
Analyst dod Tue Nov 4, 2008 5:09 PM
Retired Accountant, if you're going to place blame for the recent market dive you better learn the facts.
The mortage meltdown which led to this dive was brought about by government interference (a main principle of liberalism) in the mortgage industry in the 1990s. The Bush administration warned congress repeatedly that these conditions were leading to a crisis and they better get control of it and head it off. Despite all these warnings by the Bush Administration, Congress failed to act. Therefore we have the current economic crisis.
btw - Bush isn't running for office anyway so your upper case letter filled rant is out of step anyway.
Re: TSP in October 2009
Union Representative U. S. Postal Service Wed Nov 5, 2008 8:44 AM
Hopefully, we do have a return of the "Democrats." I would like to reap once again the gain in the markets and TSP under the Clinton years-----Record market gains, a balanced budget, and $1.19 gasoline......sounds like the sky is falling to me.
Re: TSP in October 2009
IT Spec DoD Wed Nov 5, 2008 5:07 PM
Union Rep - the economic good times in the 90s were because of the technology boom, not Clinton.
That technology bubble burst late in the Clinton administration, the administration after Clinton inherited that downturn and eventually turned it up. The climb continued until early 2007. At that point it turned down and eventually went way down because of the mortgage meltdown (see the post by dod analyst as to what caused this).
It would be nice to have lower gas prices. If you hadn't noticed, gas prices have been plummeting over the last few weeks. Hopefully that will continue during the Obama administration.
Re: TSP in October 2009
Retired (and working a new career) DoD Wed Nov 5, 2008 5:12 PM
Re: TSP in October 2009
Union Rep, if you want to return to the gains that were seen during the Clinton years you will have to vote in a Republican Congress as he had. Since Congress controls the budget (it’s one of those pesky Constitution details) you’re going to need people who support economic growth, not people who just want to move the money from the people who worked for it to the people who voted for them.
Personal TSP Up for 2008
engineer Air Force Tue Nov 4, 2008 10:27 AM
Discounting my contributions, my TSP account is up 3.5% on just moving in and out of funds. In October, I became convinced C, S, and I would move up with a favorable fed rate cut. I moved half my money into those funds and made 2% in three days, then moved all back into G. I am not always successful, I was down at the end of the first quarter.
If you want to stop losing your real money in TSP, learn from folks like William O'Neil, "Investor's Business Daily" or Edwards and Magee, "Technical Analysis of Stock Trends" - ninth edition with W.H.C. Bassetti, or Hank Pruden's work on Richard Wyckoff trading method from the 1930's. These are not quacks like so many out there.
Historically, democrats have been better for the market in the first year after a presidential election than republicans. The international community looks more favorably on Obama meaning favorable movement in the global markets. Sadly, Obama will make things worse for our nation.
Repubican Right Wing Exteemest
Accountant, Retired, GS 14 DOE, Albuquerque Tue Nov 4, 2008 10:30 AM
I read with interest the Republican comments. The party took an exteem turn to the right in 1980. The Republican party wants a flat tax that only benefits those making over $500,000 according to a recent GAO report. They call progressive income tax "Socialist" which was originally proposed in this country by Republican Teddy Roosevelt in 1902. They now oppopse minimum wage, unemployment insurance, help for the poor, social security and medicare , to name a few items and have oppossed every civil rights issue that has occurred in the last three decades. They seem not to understand that the social welfare state creates a solid middle class. All developed contries have a social welfare state. Look at the rest of the world outside of North America, Western Europe, Austrailia, and New Zeeland. The Republicans have moved to the 19th century while the rest of the developed word moves forward. REMEMBER THE DINOSAURS, REPUBLICANS. YOU ARE HEADED FOR EXTINCTION IF YOU DON'T CHANGE.
Re: Repubican Right Wing Exteemest
Retired (and working a new career) DoD Tue Nov 4, 2008 4:21 PM
Your logic is as faulty as your spelling.
Republican, not Repubican
Extremist, not Extremest
extreme, not exteem
oppose, not oppopse or oppossed
countries, not contries
Australia, not Austrailia
…. and Medicare should be capitalized
However, let’s set that aside and get past your generalizations and ask you a specific question. You say Republicans oppose minimum wage. Well, tell us, exactly what the minimum wage should be. $10 and hour, $20, and hour, why not $100 an hour? To the penny, tell us, what is the right number?
Stop hiding behind illogical generalizations and name calling and tell us exactly where you stand on the issue.
Re: Repubican Right Wing Exteemest
IT Spec DoD Tue Nov 4, 2008 5:14 PM
uhh Retired Accountant, most of us left childish name calling behind when we left Junior High. I urge you to join the crowd.
Additionally, a few typos are understandable but your spelling is so bad that your post would would flunk a basic grammar school spelling exam. That in itself calls your judgement and basic intellect into question.
According to the Democatic party, minimum wage should be enough for a person to live on just above the poverty line. The BLS can give you that number. John McCain voted against the minimum wage 40 times and the Republicans in the house and senate have voted against it since 1936. I like your spelling corrections. are you a GS7 secretary???
Re: Repubican Right Wing Exteemest
Supervisory IT Specialist DON Wed Nov 5, 2008 7:36 AM
I don't think the fed gov't should be setting minimum wage. Let the market set it.
Re: Repubican Right Wing Exteemest
Retired (and working a new career) DoD Wed Nov 5, 2008 5:02 PM
That wasn’t an answer. That was a sound bite from the Democrat play book. Anyone can say “just enough, but not too much”. It is as meaningless as saying “change” a thousand times without every defining the change.
So, let me ask again and frame it in terms an accountant understands. The answer has a dollar sign in the front, a number, a decimal point, and two more numbers.
It’s very easy to criticize without taking a stand or offering a solution. America just validated that principle. You have criticized without basis or solution. You have called people names. You have even disparaged our hard working secretaries. So stop being evasive, stop name calling, and please don’t disparage people whose grade was lower than yours and just tell us what your solution is. What should the minimum wage be?
Incidentally, if you are going to be part of the Democratic party, you might want to spell it differently. It’s definitely not the “Democatic party”.
Re: Repubican Right Wing Exteemest
Just Saying.... US Forest Service Wed Nov 5, 2008 6:09 PM
According to the Department of Labor, the current federal minimum wage is $6.55 an hour (just since July, which was the first increase in a decade), which works out to about $13,500 a year, before FICA, taxes, and maybe other deductions.
According to Health and Human services, the poverty threshold for a single person in the 48 contiguous states is $10,400. I haven't figured out what the deductions would be but it seems to me $13,500/year would be skating just above the poverty threshold. And if that were the salary for a family.... well, way below the threshold
Just saying -- there are ways to calculate a fair minimum wage. BTW, if you ever get a chance, watch the "30 Days" episode (http://www.fxnetworks.com/shows/originals/30days/) where Morgan Spurlock and his (then) fiancée live on minimum wage for 30 days. It's a real eye opener.
TSP in October 2009
federal employee federal agency Tue Nov 4, 2008 10:31 AM
You can't really believe all that drivel about Obama being a socialist. What are your sources of information, biased inaccurate political ads and crackerjack boxes? "Liberal" does not equal "socialist." And even if it did, take a look at supposed "socialist" countries such as the Scandinavian countries - better educated, better health, happier people - what's so bad about that?
Re: TSP in October 2009
Diversity Manager DOL Tue Nov 4, 2008 5:29 PM
their culture is monolithic so comparing us to them is apples and collards
Looking Forward...
Retired CIO BLM, USFS Tue Nov 4, 2008 11:22 AM
I'm thankful this election is just about over and we can move on towards unifying our country again. I don't believe the name calling by either side of this debate is constructive. I do believe that each candidate has his own proposal for how to deal with the issues before us. We will soon know which path we will follow. It is my prayer and hope that we will unite as Americans and do what we can to make things better than they currently are.
As far are the economy goes, I believe there is plenty of blame to go around. There will be difficult days a head, I believe, that will require some sacrifice by all of us. I think it behooves us all to stay involved, be supportive, and pray for wisdom for our leaders as they seek to lead us out of this mess we have gotten ourselves into.
401k
nrc atom smasher Tue Nov 4, 2008 2:47 PM
Well there is already talk that if Obama becomes president there will be a push to have all 401ks managed by the US Government (socialism) and a guarenteed 3% per year. Realizing how inefficient and inept the US Government really is do we want the US Government managing our 401ks - I don't think so.
Re: 401k
Accountant, Retired, GS 14 DOE, Albuquerque Wed Nov 5, 2008 8:01 AM
is the government anymore worse than wall street? Greed is better? I think not
Re: 401k
Curious US Forest Service Wed Nov 5, 2008 5:56 PM
"Well there is already talk that if Obama becomes president there will be a push to have all 401ks managed by the US Government (socialism) and a guarenteed 3% per year."
What talk? Where? I'd like to hear/see it. Something substantiated -- not just a blog entry.
Re: 401k
Retired Retired Thu Nov 6, 2008 10:34 PM
Where is the talk?
Just read FedSmith, he had a whole article on it.
October 2008: Worst Month in 21 Years
Auditor DODIG Tue Nov 4, 2008 9:19 PM
Now is the time to exercise discipline and not panic. I've lost 40% in I Fund....so I will have to save more, spend less, and work longer.
Cheers!
Tsp, etc
Manager USDA Thu Nov 6, 2008 1:18 PM
To all of your whiners and complainers against 'socialist' - ok - go to work for the private sector, give up your pension for life, give up your health insurance for life, let the market determine your salary and whether you receive an annual pay raise or cost of living adjustment when you retire. I am constantly amazed at the carping and complaining by government employees submitting comments on this web site. If the government and its benefits is to bad, and the private sector so great, go get a job there. We are all Americans and should wish the new President well. I didn't agree with Mr. Bush on much, but I never wished him ill. There is much blame to go around for the current financial crises. The problem is Mr. Obabma is now burdened with implementing policies to rectify the situation. He needs our help, and we should pressure Congress wo work in a bi-partisan manner to solve our problems. The attitude many of you show is why we are in such a mess.
Re: Tsp, etc
Programmer TSO Thu Nov 6, 2008 5:40 PM
The USDA Manager is inferring that going to work in the private sector and having the competitive market determine your retirement and employment well being is a bad thing. That is a typical socialist perspective. Whether that perspective is a positive or a negative is a personal judgement.
Brilliant
Technician FAA Fri Nov 7, 2008 12:03 AM
Did you notice that every time you try to convince people to stay in or to stop trying to time the market, the market goes down? What's in it for you?
Re: Brilliant
HR Specialist USDA Fri Nov 7, 2008 7:47 AM
I am always amazed at people who are like to tout their own brilliance by taking shots at someone else. I have enjoyed the TSP articles on this site. They are well-written and do not assume too much knowledge on the part of the readers. From the articles I have seen, the author does not, unlike this individual, pretend to have the ability to foresee the future direction of the market.
Perhaps the FAA tech, who is apparently comfortable with his considerable expertise in predicting future market direction, would care to share with others how he came about this gift that no one else seems to have? Or, perhaps, he just likes to whine and make spiteful comments because on one else has been able to tell him what the future brings tomorrow or next week in the stock market. I can't help but wonder what is going on the the thought processes of people who like to complain so much.
Re: Brilliant
Analyst dod Fri Nov 7, 2008 5:16 PM
Technician - the market doesn't go down every time somebody is convincing somebody not to time the market so the basic premise of your question is not valid.
Re: Brilliant
observer DoD Fri Nov 14, 2008 12:53 AM
People need you to stay in the market so that they can keep their jobs, short the market and make a fortune at your expense.
Markets
Fed Worker DOD Mon Nov 10, 2008 6:12 AM
This market has to rebound at some point. If it goes below the point of the p/e ratios investors will buy back in. The 1990's Tech boom based on speculation and greed that showed to be a hollow base and less substance. The Subprime mess has more to do with greedy banks, and the use of derivatives. The Fed leaving money too cheap for too long did not help. The Chinese economy is predicated on us spending our money and using our credit to buy what we needed and wanted at Walmart. They are having to bail out their own new economic woes. Many of our service jobs have been outsourced to India and the trend continues. If one eliminates decent income producing jobs, and continues to try to sell in that same market eventually there will be a shrinking effect. Hence, the lower p/e ratio, hence a lower market. That is why the bulk of my money is in the G fund, and new contributions are going in the C/I funds respectively.
TSP in October
Retired government employee Treasury Dept. Thu Nov 20, 2008 9:13 PM
Greedy company bosses and the war in Iraq are the main reasons this economy is in a recession. Large companies that help thrive the economy had no regulations and bosses got greedy and next thing we knew people started losing jobs, homes, and investments. Gas prices skyrocked. All this greed and wars were created in the last eight years. Hopefully, Obama will work dilligently to get this economy out of this recession. I believe Obama will do just that.
Re: TSP in October
Analyst dod Tue Dec 2, 2008 6:35 PM
Wars are expensive, you're correct about that but you're wrong about what the primary cause of this economic crisis is. The mortage industry collapse led to a collapse in the credit market, that led to the economic collapse we're in today.
Congress was warned by the Bush administration over and over during the past 8 years that they better get control over this situation, congress failed to act despite these warnings and that's why we're where we are today.
TSP in October 2009
DHS
Tue Nov 4, 2008 9:07 AM
If Obama is elected President, he will have been in his tenth month as President in October 2009. It will be interesting to see what shape the TSP is in at that time. With the various proposals for "reforming" the TSP being offered by the Socialists in Congress (AKA Democrats) do not be surprised if TSP is even further down! For those Obamaphiles who are part of the TSP, please remember that you voted for him. If I am wrong, I will apologize in early November, 2009.
Re: TSP in October 2009
US ARMY
Tue Nov 4, 2008 9:36 AM
Re: TSP in October 2009
DOE, Albuquerque
Tue Nov 4, 2008 9:40 AM
Re: TSP in October 2009
DoD
Tue Nov 4, 2008 9:57 AM
Re: TSP in October 2009
dod
Tue Nov 4, 2008 5:09 PM
The mortage meltdown which led to this dive was brought about by government interference (a main principle of liberalism) in the mortgage industry in the 1990s. The Bush administration warned congress repeatedly that these conditions were leading to a crisis and they better get control of it and head it off. Despite all these warnings by the Bush Administration, Congress failed to act. Therefore we have the current economic crisis.
btw - Bush isn't running for office anyway so your upper case letter filled rant is out of step anyway.
Re: TSP in October 2009
U. S. Postal Service
Wed Nov 5, 2008 8:44 AM
Re: TSP in October 2009
DoD
Wed Nov 5, 2008 5:07 PM
That technology bubble burst late in the Clinton administration, the administration after Clinton inherited that downturn and eventually turned it up. The climb continued until early 2007. At that point it turned down and eventually went way down because of the mortgage meltdown (see the post by dod analyst as to what caused this).
It would be nice to have lower gas prices. If you hadn't noticed, gas prices have been plummeting over the last few weeks. Hopefully that will continue during the Obama administration.
Re: TSP in October 2009
DoD
Wed Nov 5, 2008 5:12 PM
Union Rep, if you want to return to the gains that were seen during the Clinton years you will have to vote in a Republican Congress as he had. Since Congress controls the budget (it’s one of those pesky Constitution details) you’re going to need people who support economic growth, not people who just want to move the money from the people who worked for it to the people who voted for them.
Personal TSP Up for 2008
Air Force
Tue Nov 4, 2008 10:27 AM
Discounting my contributions, my TSP account is up 3.5% on just moving in and out of funds. In October, I became convinced C, S, and I would move up with a favorable fed rate cut. I moved half my money into those funds and made 2% in three days, then moved all back into G. I am not always successful, I was down at the end of the first quarter.
If you want to stop losing your real money in TSP, learn from folks like William O'Neil, "Investor's Business Daily" or Edwards and Magee, "Technical Analysis of Stock Trends" - ninth edition with W.H.C. Bassetti, or Hank Pruden's work on Richard Wyckoff trading method from the 1930's. These are not quacks like so many out there.
Historically, democrats have been better for the market in the first year after a presidential election than republicans. The international community looks more favorably on Obama meaning favorable movement in the global markets. Sadly, Obama will make things worse for our nation.
Repubican Right Wing Exteemest
DOE, Albuquerque
Tue Nov 4, 2008 10:30 AM
I read with interest the Republican comments. The party took an exteem turn to the right in 1980. The Republican party wants a flat tax that only benefits those making over $500,000 according to a recent GAO report. They call progressive income tax "Socialist" which was originally proposed in this country by Republican Teddy Roosevelt in 1902. They now oppopse minimum wage, unemployment insurance, help for the poor, social security and medicare , to name a few items and have oppossed every civil rights issue that has occurred in the last three decades. They seem not to understand that the social welfare state creates a solid middle class. All developed contries have a social welfare state. Look at the rest of the world outside of North America, Western Europe, Austrailia, and New Zeeland. The Republicans have moved to the 19th century while the rest of the developed word moves forward. REMEMBER THE DINOSAURS, REPUBLICANS. YOU ARE HEADED FOR EXTINCTION IF YOU DON'T CHANGE.
Re: Repubican Right Wing Exteemest
DoD
Tue Nov 4, 2008 4:21 PM
Republican, not Repubican
Extremist, not Extremest
extreme, not exteem
oppose, not oppopse or oppossed
countries, not contries
Australia, not Austrailia
…. and Medicare should be capitalized
However, let’s set that aside and get past your generalizations and ask you a specific question. You say Republicans oppose minimum wage. Well, tell us, exactly what the minimum wage should be. $10 and hour, $20, and hour, why not $100 an hour? To the penny, tell us, what is the right number?
Stop hiding behind illogical generalizations and name calling and tell us exactly where you stand on the issue.
Re: Repubican Right Wing Exteemest
DoD
Tue Nov 4, 2008 5:14 PM
Additionally, a few typos are understandable but your spelling is so bad that your post would would flunk a basic grammar school spelling exam. That in itself calls your judgement and basic intellect into question.
Re: Repubican Right Wing Exteemest
DOE, Albuquerque
Tue Nov 4, 2008 7:48 PM
Re: Repubican Right Wing Exteemest
DON
Wed Nov 5, 2008 7:36 AM
Re: Repubican Right Wing Exteemest
DoD
Wed Nov 5, 2008 5:02 PM
So, let me ask again and frame it in terms an accountant understands. The answer has a dollar sign in the front, a number, a decimal point, and two more numbers.
It’s very easy to criticize without taking a stand or offering a solution. America just validated that principle. You have criticized without basis or solution. You have called people names. You have even disparaged our hard working secretaries. So stop being evasive, stop name calling, and please don’t disparage people whose grade was lower than yours and just tell us what your solution is. What should the minimum wage be?
Incidentally, if you are going to be part of the Democratic party, you might want to spell it differently. It’s definitely not the “Democatic party”.
Re: Repubican Right Wing Exteemest
US Forest Service
Wed Nov 5, 2008 6:09 PM
According to Health and Human services, the poverty threshold for a single person in the 48 contiguous states is $10,400. I haven't figured out what the deductions would be but it seems to me $13,500/year would be skating just above the poverty threshold. And if that were the salary for a family.... well, way below the threshold
Just saying -- there are ways to calculate a fair minimum wage. BTW, if you ever get a chance, watch the "30 Days" episode (http://www.fxnetworks.com/shows/originals/30days/) where Morgan Spurlock and his (then) fiancée live on minimum wage for 30 days. It's a real eye opener.
TSP in October 2009
federal agency
Tue Nov 4, 2008 10:31 AM
You can't really believe all that drivel about Obama being a socialist. What are your sources of information, biased inaccurate political ads and crackerjack boxes? "Liberal" does not equal "socialist." And even if it did, take a look at supposed "socialist" countries such as the Scandinavian countries - better educated, better health, happier people - what's so bad about that?
Re: TSP in October 2009
DOL
Tue Nov 4, 2008 5:29 PM
Looking Forward...
BLM, USFS
Tue Nov 4, 2008 11:22 AM
I'm thankful this election is just about over and we can move on towards unifying our country again. I don't believe the name calling by either side of this debate is constructive. I do believe that each candidate has his own proposal for how to deal with the issues before us. We will soon know which path we will follow. It is my prayer and hope that we will unite as Americans and do what we can to make things better than they currently are.
As far are the economy goes, I believe there is plenty of blame to go around. There will be difficult days a head, I believe, that will require some sacrifice by all of us. I think it behooves us all to stay involved, be supportive, and pray for wisdom for our leaders as they seek to lead us out of this mess we have gotten ourselves into.
401k
atom smasher
Tue Nov 4, 2008 2:47 PM
Well there is already talk that if Obama becomes president there will be a push to have all 401ks managed by the US Government (socialism) and a guarenteed 3% per year. Realizing how inefficient and inept the US Government really is do we want the US Government managing our 401ks - I don't think so.
Re: 401k
DOE, Albuquerque
Wed Nov 5, 2008 8:01 AM
Re: 401k
US Forest Service
Wed Nov 5, 2008 5:56 PM
What talk? Where? I'd like to hear/see it. Something substantiated -- not just a blog entry.
Re: 401k
Retired
Thu Nov 6, 2008 10:34 PM
Just read FedSmith, he had a whole article on it.
October 2008: Worst Month in 21 Years
DODIG
Tue Nov 4, 2008 9:19 PM
Now is the time to exercise discipline and not panic. I've lost 40% in I Fund....so I will have to save more, spend less, and work longer.
Cheers!
Tsp, etc
USDA
Thu Nov 6, 2008 1:18 PM
To all of your whiners and complainers against 'socialist' - ok - go to work for the private sector, give up your pension for life, give up your health insurance for life, let the market determine your salary and whether you receive an annual pay raise or cost of living adjustment when you retire. I am constantly amazed at the carping and complaining by government employees submitting comments on this web site. If the government and its benefits is to bad, and the private sector so great, go get a job there. We are all Americans and should wish the new President well. I didn't agree with Mr. Bush on much, but I never wished him ill. There is much blame to go around for the current financial crises. The problem is Mr. Obabma is now burdened with implementing policies to rectify the situation. He needs our help, and we should pressure Congress wo work in a bi-partisan manner to solve our problems. The attitude many of you show is why we are in such a mess.
Re: Tsp, etc
TSO
Thu Nov 6, 2008 5:40 PM
Brilliant
FAA
Fri Nov 7, 2008 12:03 AM
Did you notice that every time you try to convince people to stay in or to stop trying to time the market, the market goes down? What's in it for you?
Re: Brilliant
USDA
Fri Nov 7, 2008 7:47 AM
Perhaps the FAA tech, who is apparently comfortable with his considerable expertise in predicting future market direction, would care to share with others how he came about this gift that no one else seems to have? Or, perhaps, he just likes to whine and make spiteful comments because on one else has been able to tell him what the future brings tomorrow or next week in the stock market. I can't help but wonder what is going on the the thought processes of people who like to complain so much.
Re: Brilliant
dod
Fri Nov 7, 2008 5:16 PM
Re: Brilliant
DoD
Fri Nov 14, 2008 12:53 AM
Markets
DOD
Mon Nov 10, 2008 6:12 AM
This market has to rebound at some point. If it goes below the point of the p/e ratios investors will buy back in. The 1990's Tech boom based on speculation and greed that showed to be a hollow base and less substance. The Subprime mess has more to do with greedy banks, and the use of derivatives. The Fed leaving money too cheap for too long did not help. The Chinese economy is predicated on us spending our money and using our credit to buy what we needed and wanted at Walmart. They are having to bail out their own new economic woes. Many of our service jobs have been outsourced to India and the trend continues. If one eliminates decent income producing jobs, and continues to try to sell in that same market eventually there will be a shrinking effect. Hence, the lower p/e ratio, hence a lower market. That is why the bulk of my money is in the G fund, and new contributions are going in the C/I funds respectively.
TSP in October
Treasury Dept.
Thu Nov 20, 2008 9:13 PM
Greedy company bosses and the war in Iraq are the main reasons this economy is in a recession. Large companies that help thrive the economy had no regulations and bosses got greedy and next thing we knew people started losing jobs, homes, and investments. Gas prices skyrocked. All this greed and wars were created in the last eight years. Hopefully, Obama will work dilligently to get this economy out of this recession. I believe Obama will do just that.
Re: TSP in October
dod
Tue Dec 2, 2008 6:35 PM
Congress was warned by the Bush administration over and over during the past 8 years that they better get control over this situation, congress failed to act despite these warnings and that's why we're where we are today.