K96.3 FM Radio Spot
Markets down, down, down …up
GM IPO a big success yesterday - $20B raised, US givernement made back $14B on sale of the shares of GM they held from the 2008 bailout.
Ireland in trouble – EU bailing them out
Closer to home Liberals in free fall…
What the heck is happening …and does it matter …
With regards to GM they have 350 retirees per 100 employees working so they will need to raise a heck of alot more to cover their unfunded pension liabilty moving forward. Geremy Grantham has been speaking out. He says Fiscal & monetary policy don't generate real long term economic growth. What this does is create distorted asset vaues that lead to false expectations. If your stocks are going up you think you are wealthier so you spend based on that. I think you need to review your retirement plans and make sure you have a tracking mechanism to keep you within a set of parameteres so you don't draw too much income based on false expectations and run out of money.
GM IPO a big success yesterday - $20B raised, US givernement made back $14B on sale of the shares of GM they held from the 2008 bailout.
Ireland in trouble – EU bailing them out
Closer to home Liberals in free fall…
What the heck is happening …and does it matter …
With regards to GM they have 350 retirees per 100 employees working so they will need to raise a heck of alot more to cover their unfunded pension liabilty moving forward. Geremy Grantham has been speaking out. He says Fiscal & monetary policy don't generate real long term economic growth. What this does is create distorted asset vaues that lead to false expectations. If your stocks are going up you think you are wealthier so you spend based on that. I think you need to review your retirement plans and make sure you have a tracking mechanism to keep you within a set of parameteres so you don't draw too much income based on false expectations and run out of money.
posted by David Allard at
7:32 AM
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