NASDAQ Composite (^IXIC)

$^IXIC conversations

Posters are worse than coronavirus.
Has anyone found a cure for $^IXIC?

California is not bankrupt but it is insolvent. California’s liabilities vastly exceed its assets. A State cannot declare bankruptcy but that may change someday. See, The Case for Allowing U.S. States to Declare Bankruptcy

California has an unfunded pension liability estimated by some to be half a trillion dollars. See, California’s unfunded pension debts may be larger than acknowledged Here is one observer that says the debt is well over a trillion. Golden State Pension Deficit: $1.2 Trillion

Essentially, in order to have anyone willing to work a California government job—whether state, county or local, rather than pay up front, governmental organizations have hidden their rich benefits from the public by granting modest salaries but huge pensions.

These pension rights are staggering. Your typical firefighter in California retires with an income that would require a self-employed person to have saved over $3.5 million dollars to earn. An appropriate pay-as-you-go salary that would take the value of the promised pension and pay it up front would have most state employees taking home well over $500,000 per year. Politicians know that they are making promises they can’t keep, but the California miracle just keeps chugging along—they make just barely enough to pay their pension obligations and keep the state running, barely.

A dentist in one of California’s prisons retired at a salary of over $650,000 a year. See, California’s unfunded pension debts may be larger than acknowledged There are currently over twenty thousand people drawing a more than six-figure pension from the State of California’s pension fund. http://reason.com/blog/2016/08/09/californias-six-figure-pension-club

Look up what happened in the City of Bell. The City Manager and Police Chief voted themselves some incredible salaries and benefits because the citizens didn’t know enough about their government to object. http://timelines.latimes.com/bell/ In my opinion, exactly the same thing is happening in the State of California albeit on an exponentially larger scale, i.e. more dollars, more workers.

As did the citizens of Bell, the day will come when the good folk of California finally understand the sheer size and scope of the bill they have incurred for the retirement benefits secured by the various government workers’ unions. There was a brief glimmer of hope when Arnold tried to break the union’s power in this area, but that failed. All Four of Schwarzenegger's Ballot Initiatives Fail Had Arnold limited his reformatory efforts to just the unions, there may have been hope for the state. However, at present it is all but guaranteed that the State of California will have to restructure its obligations, i.e. default on its pensions.

Now, some people disagree. Some believe that California is such a huge and independent economy that it can, in essence, print its own money. Others are convinced that the State is too big to fail. Observers of our financial history will note that most large institutions in the United States are not allowed to fail—the federal government will ride to the rescue and force the state to scale back.

And, where does all the California Pension money end up? Most of the pensioners leave California and buy properties in other western states where the living is cheaper. In a real way, California’s taxpayers are subsidizing the economies of most of the intermountain west. Why CalPERS retirees flee California

There is a terrible disaster on the horizon—it will inflict incredible suffering on many innocent families who rely on California to keep its pension promises.

$^IXIC, $^DJI, $^GSPC, $^RUT

I’m sure this will make the TradeWar go a lot smoother???

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #RGLD # #IAG #GSC #RGLD #NUGT #JNUG #AEM #^DJI #^IXIC #^GSP #AEM #GDX #SLV #AUY

Senate passes bill to support human rights in Hong Kong

https://www.foxbusiness.com/markets/senate-unanimously-passes-hong-kong-rights-bill

People you must understand what makes earnings better in the mining industry before you purchase shares... The higher the price of gold/sliver... The more money the companies will earn.... The lower the price of oil... The less expense the companies have... These equal great earnings... I foresee a ton of miners hitting the motherlode this season. Or now will be the time they announce their discovery in massive pockets in attempt to wait for being prices... BUY THE MINING INDUSTRY NOW!!!

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #RGLD # #IAG #GSC #RGLD #NUGT #JNUG #AEM #^DJI #^IXIC #^GSP #AEM #GDX #SLV #AUY #H #AG #GORO

Housing market has collapsed....

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #RGLD # #IAG #GSC #RGLD #NUGT #JNUG #AEM #^DJI #^IXIC #^GSP #AEM #GDX #SLV #AUY

Chicago real estate prices falter, trailing even Hong Kong

https://www.foxbusiness.com/money/chicago-real-estate-prices-plummet-trailing-even-hong-kong

Gold is heading to $2020 in 2020... My mathematical equation calculated that June-July will be victorious for the Miners.......

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #RGLD # #IAG #GSC #RGLD #NUGT #JNUG #AEM #^DJI #^IXIC #^GSP #AEM #GDX #SLV #AUY #H #AG #GORO

https://etfdailynews.com/2020/01/17/why-gold-prices-could-get-to-2000/

There's a problem in the repo market the Feds are trying to cover up with temporary cash band-aide. When banks don't lend to each other, it's because they know something's wrong and they don't trust each others' assets. The last time this happened was right before the Great Housing Bubble Recession. All the experts know we're headed for a Japan or EU. The EU is currently stagnant and having to keep lowering rates to keep their economy artificially up with zombie companies that'll fall if rates were increased just a little. Japan went through a 2 decade period they call the lost decade(s) where there was no growth in the economy.

Alan Greenspan and Ben Bernanke both said the subprime mortgage wasn't going to affect the economy. They were both dead wrong. Kudlow proclaimed there ain't no recession in December of 2007, pointing to the strong jobs report. He was dead wrong.

It's coming folks. Be ready. Once unemployment rates bottom and have a sustained tick back up (3.5% to 3.6% to 3.7% to 3.8% etc.), that means a recession coming. With the record corporate debt we have now, I expect it to be a fierce, deep and long recession, or even a depression. Trump's $1.5 trillion tax cut for the rich only postponed it and made it worse, and his trade war attention diversion tactics from his illegal swamp activities, forcing the Feds to lower rates in response ensures bubbles will be even larger from the low interest rates, and guarantees the next crash will be even bigger. Trump has engineered a recession/depression of YUUUUGGGEE proportions, which I call a Trumpression. God help us all.

https://www.marketwatch.com/story/qe-on-steroids-could-lead-to-a-depression-warns-money-manager-who-compares-the-us-to-a-banana-republic-2019-10-28?mod=MW_story_top_stories

$^GSPC
$^IXIC
$^DJI

The other day Kudlow claimed he doesn't see a recession on the horizon. Here's what he said in December, 2007. This is the guy running America's economy.

https://www.nationalreview.com/kudlows-money-politics/kudlow-101-there-aint-no-recession-larry-kudlow/

$^IXIC $QQQ $^GSPC

TradeWar is still in progress... China already backing out on deals... Nothing more than a way to jack up prices... Just a Trump Pump... Prices are on the rise... Retail on the verge of collapse... Christmas shopping will be a huge loss... Homeless population will triple... Housing bubble will pop...
Gold is heading to $2020 by 2020... Sliver is heading to $33... Fed will cut rates... Rates will be back to 0 by 2020... Tariffs is a word used by the media to replace the word taxes... Don’t be fooled............

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #RGLD # #IAG #GSC #RGLD #NUGT #JNUG #AEM #^DJI #^IXIC #^GSP #AEM #GDX #SLV