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Hmm...so its not Auto Loans that are in subprime land anymore, or Student Debt. Stupid question - In a downturn lot of things would run dry, yeah? Anything which does not have incoming assets, but only depreciation, e.g. retirement accounts of retirees, would also run dry.
I'm frankly trying to learn to live a minimalistic life. Can't guarantee any safety net. Who knows, government might even start taxing Roth distributions (not that I have any Roth)
I just don't get how Feds will bailout Private Pension Funds. Oh wait, Banks were private too.
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Stupid question - In a downturn lot of things would run dry, yeah? Anything which does not have incoming assets, but only depreciation, e.g. retirement accounts of retirees, would also run dry.
I'm frankly trying to learn to live a minimalistic life. Can't guarantee any safety net. Who knows, government might even start taxing Roth distributions (not that I have any Roth)
I just don't get how Feds will bailout Private Pension Funds. Oh wait, Banks were private too.