Global Economy Bursting?

[Big ole Boy]

My wife - the world

I was telling my wife to get out of her 401K ...... before they clamp them down and dissallow an early withdraw ......

.... but there is no place to put the money .... what does she do with it ....?

... sure maybe 20% in metals .... but what about the other 80%?

.... people would suffer a 10% penalty on their 401K .. if they knew what to do with their money .......

... I just don't have an answer for her .....

... what would you tell her ?

 

[Terrel L. Shields]

Brent crude is the oil that is shipped primarily to Europe and comes from Africa and some Mideast countries. Brent is higher because of the hostilities, oil interruption and the threat of supply contraction. There is a risk premium.

Light sweet crude is the oil that the U.S. buys and does not come from the same oil fields that supply Europe. However, there is arbitrage between the two, especially as the price spread widens. This causes WTI price to be dragged up, regardless of supply-demand.

The right answer.... Libyan crude is light sweet. Arabian's crude is getting worse as they produce and the refiners in S. Europe are set up to run Brent and Libyan style crude. It is a difficult transition to sour from sweet for the refiner. U. S. refiners can handle sour crude in some refineries...CITGO refines sour from Venezuela, California refines heavy crude from Alaska and Calif.

Jim Rogers is exactly right about Bernanke. We have got to raise interest rates and Helicopter Ben is going to print money instead... eventually we get inflation (we are at the late 70s stagflation stage as we speak...which means Obama is in trouble) We need a new Reagan to let Volcker tighten the money supply, raise the value of the buck and tame inflation of energy and food prices...just like happened in the early 80s.

Can't you roll over a 401k to a self-directed IRA?... perhaps a Roth IRA

 

[Big ole Boy]

What would she invest in?

..... CD's ? ......

....

 

[Restrain]

Oil, metals. Watch bond funds, as these may show an uptick with stocks soft.

 

[Couch Potato]

What would she invest in?

..... CD's ? ......

....

Real Estate. :new_all_coholic:

 

[Mr Rex]

Mason jars and shovels.

 

[Couch Potato]

Mason jars and shovels.

Ball jars are a better choice.

 

[Mr Rex]

I buy a certain brand of Spagetti sauce for the "Atlas" "Mason" jars since Dukes mayo went plaztic, the bastids. My momma thanks me every summer when she is canning.:icon_mrgreen:

 

[Riick]

(we are at the late 70s stagflation stage as we speak....

Thank you... confirms what I said to a friend just this last weekend.
Funny though, no one seems to be paying attention to the inflation already here.
Maybe they are all hypnotized by the gubmint's no-inflation numbers, and stupefied by their 47" LCD TVs.
.

 

[Randolph Kinney]

US Is in Even Worse Shape Financially Than Greece: Gross

http://www.cnbc.com/id/43378973

When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco's Bill Gross told CNBC Monday.