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Our health care system has by far the highest costs with health outcomes lower than the EU and Britain.

EU life expectancy is 81.7 years. It took about 5 seconds to find that information. UK is 80.4 yrs.
 
Willy said:
This is a few years old, but relevant. I’m always wary of anything that uses averages (or totals) when you have big outliers (such as the ultra wealthy). Albeit, not sure if the study accounts for NPV of pensions which would be a big advantage for boomers.

www.newsweek.com

Millennials financially better off than boomers at same stage: Study

Millennials have higher net worths that older generations at comparable ages, a new study has found.
www.newsweek.com www.newsweek.com
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I don't know if the youngsters are better off than us Boomers were when we were young, but that would not surprise me. I have long contended that the youngsters are no worse off than when we were youngsters and submit that the youngsters feel more entitled than we did, and that they have different financial philosophies when it comes to how they view their current priorities vs future priorities.
 
Duke Mu said:
Our health care system has by far the highest costs with health outcomes lower than the EU and Britain.

EU life expectancy is 81.7 years. It took about 5 seconds to find that information. UK is 80.4 yrs.
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It's almost as if the socialized medicine in Western European countries is a better health care system ? Could this be one reason among several that they are happier countries than our country ?
 
So it's looking like a another continuing slow but steady downward trend in the market today on its way down the path to a bear market.

The IEA just released the highest oil release in its history which I think makes up a 3rd of its reserve... That can't be good, can it ?
 
heelinhell said:
So it's looking like a another continuing slow but steady downward trend in the market today on its way down the path to a bear market.

The IEA just released the highest oil release in its history which I think makes up a 3rd of its reserve... That can't be good, can it ?
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The oil release is about 4 days of global oil production; so, it won’t have much impact on prices.
 
Zoo_View said:
The oil release is about 4 days of global oil production; so, it won’t have much impact on prices.
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Zoo_View said:
The oil release is about 4 days of global oil production; so, it won’t have much impact on prices.
Click to expand...
Zoo_View said:
The oil release is about 4 days of global oil production; so, it won’t have much impact on prices.
Click to expand...
ok I was just reading a report that the IEA reserve was 1. 4 billion barrels before they released 400 million barrels today.. So the IEA can replenish the 400 million barrels a day ?
That makes me feel better
 
so the 30 yr Treasury yield is inching close to 5%. Follow the bond market to get a sense of where our economy is heading. Unless TACO man does a quick exit from his stupid Iran War debacle, it is entirely possible we will be in a recession leading up to the November midterm elections.
 
heelinhell said:
so the 30 yr Treasury yield is inching close to 5%. Follow the bond market to get a sense of where our economy is heading. Unless TACO man does a quick exit from his stupid Iran War debacle, it is entirely possible we will be in a recession leading up to the November midterm elections.
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Can he even TACO at this point? Iran appears to me to hold the oil supply trump card here, pun intended.
 


“… Claims ticked down by 1,000 to 213,000 in the latest week. Economists polled by The Wall Street Journal had estimated new claims would rise to 215,000 from the initial estimate last week of 213,000.…”
 
heelinhell said:
ok I was just reading a report that the IEA reserve was 1. 4 billion barrels before they released 400 million barrels today.. So the IEA can replenish the 400 million barrels a day ?
That makes me feel better
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Not sure what you’re asking.

Another detail about the release of 400 million barrels is that it’ll take as many as 120 days for those 400 million barrels to be “released” and reach the market.

It’s not as if those 400 million barrels are sitting at the world’s largest spigot just waiting for the IEA to open the tap.

The only thing that will make a difference is to open up the Strait of Hormuz.
 
Zoo_View said:
Not sure what you’re asking.

Another detail about the release of 400 million barrels is that it’ll take as many as 120 days for those 400 million barrels to be “released” and reach the market.

It’s not as if those 400 million barrels are sitting at the world’s largest spigot just waiting for the IEA to open the tap.

The only thing that will make a difference is to open up the Strait of Hormuz.
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I was showing my ignorance by not realizing it will take months before that release reaches the market.

As the guard at the entrance to the land of OZ said to Dorothy " Now that's a horse of a different color ! "

I think maybe I should just stay in my lane:)
 
heelinhell said:
So the decline in the stock market today continues a steady pace which is continuing us down the path to a bear market...
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A bear market is usually described as a 20% loss. We are at about 3-4% right now, so a long way to go to get to bear territory. (I am rooting though; I've been in all cash since July and I'd look like less of a fool if we got a 20% correction).
 
Calheel said:
A bear market is usually described as a 20% loss. We are at about 3-4% right now, so a long way to go to get to bear territory. (I am rooting though; I've been in all cash since July and I'd look like less of a fool if we got a 20% correction).
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I am an old codger who is focused on capital preservation and follow the two rules of Buffett # 1 don't lose money. # 2 don't forget rule #1

I have been 50% in cash and holding my dividend paying widow and orphan stocks so in my humble opinion you are not looking like a fool, but if you are, join the club :)

With regard to my post, I'm not saying a bear market is going to rear its head tomorrow ,but historically the slow and steady decline in the market suggests we are on our way to a bear market. That coupled with the trend in the bond market doesn't tell me sunny skies are ahead.

ETA: the Dow closed on fed.6th at its all time high and closed yesterday down 3,400 off it's all time high. I think that represents around closer to 7% over the last 5 weeks which is still a ways from bear territory but approaching correction territory. My widow and orphan stocks had a very good day which suggests to me investors may be beginning a flight to safety. Again, I agree with you that cash is king in these very uncertain times.

And the bond market looks like it may be even more dicey

 
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