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yeoman6987

(14,449 posts)

4. Not good when billionaires don't trust the market.

Reply to Sopkoviak (Reply #1)

Mon Sep 22, 2014, 09:30 PM

Sep 2014

We are so due for a 20 percent decrease. I so hope it happens, because I have cash in a bank account too. Although not 600 million. I definitely want a correction, but not until after the election. October is typical, but it would be a disaster for Democratic candidates. November 10 or so is fine.

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Billionaires are hoarding piles of cash [View all] IDemo Sep 2014 OP

Well, the FED's Janet Yellen did say that people need to save more. Sopkoviak Sep 2014 #1

Not good when billionaires don't trust the market. yeoman6987 Sep 2014 #4

It's not fine for people like me LiberalElite Sep 2014 #12

Start shifting into money market or short term bond funds. Warren Stupidity Sep 2014 #17

We'll need those piles to roast their carcasses. nt Xipe Totec Sep 2014 #2

For some reason your post title made me think of this tularetom Sep 2014 #3

How exactly do they hold it? drm604 Sep 2014 #5

t-bills. Warren Stupidity Sep 2014 #7

I didn't realize that was considered cash. drm604 Sep 2014 #8

its close enough. Any money market fund is also considered cash. Warren Stupidity Sep 2014 #13

The rich are different. Some of the strategies include Sopkoviak Sep 2014 #11

Okay. drm604 Sep 2014 #16

Too narrow. What you carry in your wallet is coin and currency Sopkoviak Sep 2014 #18

I understand how fractional reserve banking works drm604 Sep 2014 #20

this is news how? VanillaRhapsody Sep 2014 #6

No the point is how they are hoarding, not that they are hoarding. Warren Stupidity Sep 2014 #9

If you want to stick it to them....you are going to have to allow some inflation.... VanillaRhapsody Sep 2014 #10

I think you are missing the point. Warren Stupidity Sep 2014 #14

I know.....I am agreeing with you.... VanillaRhapsody Sep 2014 #15

And they will die hoarding it until Obama is out of office. That's the plan. nt kelliekat44 Sep 2014 #19

Eh -- sorta Algernon Moncrieff Sep 2014 #21

Of course the are! Trickle down worked just liked planned. Rex Sep 2014 #22