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Re: Are we headed for a recession?
Posted: January 23 08, 10:22 pm
by Leroy
sighyoung wrote:Leroy wrote:planet pujolsian wrote:I didn't necessarily put a lot of stock into the 25 yr. theory, but I do think we're in for a rude awakening. I also am something of a paranoid when it comes to money matters. When I read Money magazine and they profile couple who are 26 and 27 years old with 150k in savings/investments, I feel woefully inadequate.
Screw them. Live your life. Spend your money.
This couple probably stayed after school because they wanted to.
I wasn't even finished with grad school when I was 27. I wouldn't sweat it.
I had just heard of a thing called high school at 27. But I suspect that book learning was a good thing.
Re: Are we headed for a recession?
Posted: January 23 08, 10:25 pm
by Leroy
planet pujolsian wrote:Leroy wrote:planet pujolsian wrote:I didn't necessarily put a lot of stock into the 25 yr. theory, but I do think we're in for a rude awakening. I also am something of a paranoid when it comes to money matters. When I read Money magazine and they profile couple who are 26 and 27 years old with 150k in savings/investments, I feel woefully inadequate.
Screw them. Live your life. Spend your money.
This couple probably stayed after school because they wanted to.
This brings me to question how long we'll all be hanging around this message board supporting each other through our trials and tribulations. I'm wondering if you'll still be around in 20 yrs. or so to make up for any shortcomings if I throw all caution to the wind. I'm going to be here, Leroy, are you?
I think I'll be here then, and by then I may understand what OPS means. Ok, maybe not understand it, but maybe care.

Re: Are we headed for a recession?
Posted: January 23 08, 10:25 pm
by sighyoung
Leroy wrote:sighyoung wrote:Leroy wrote:planet pujolsian wrote:I didn't necessarily put a lot of stock into the 25 yr. theory, but I do think we're in for a rude awakening. I also am something of a paranoid when it comes to money matters. When I read Money magazine and they profile couple who are 26 and 27 years old with 150k in savings/investments, I feel woefully inadequate.
Screw them. Live your life. Spend your money.
This couple probably stayed after school because they wanted to.
I wasn't even finished with grad school when I was 27. I wouldn't sweat it.
I had just heard of a thing called high school at 27. But I suspect that book learning was a good thing.
Yep. It took nine years, but I finally figured out what a book was.
Re: Are we headed for a recession?
Posted: January 23 08, 10:25 pm
by Arthur Dent
planet pujolsian wrote:When I read Money magazine and they profile couple who are 26 and 27 years old with 150k in savings/investments, I feel woefully inadequate.
WTF? They must have gotten that money from parents.
Re: Are we headed for a recession?
Posted: January 23 08, 10:26 pm
by docellis
You know all those closed down factories all over St. Louis? The Cadillac factory in the 50's closes down and people who thought they could retire, can't and work til they die. The manufacturing plants that are closed down all over St. Louis? They closed a ton of them in the 90's and people who thought they had a retirement don't. That combined with all the people around that time that thought they had millions of dollars in stock options....
Those 26 or 27 year olds don't have anything until it is time to collect that money. (Unless they seriously have it in savings - in which case I have to assume they had "help" and therefore you shouldn't feel inadequate.)
Re: Are we headed for a recession?
Posted: January 23 08, 10:28 pm
by Michael
Just in case anyone is worried - I assure you Leroy will be banned within the next 20 years. The mods and I are working on it.
Re: Are we headed for a recession?
Posted: January 23 08, 10:28 pm
by Leroy
sighyoung wrote:Leroy wrote:sighyoung wrote:Leroy wrote:planet pujolsian wrote:I didn't necessarily put a lot of stock into the 25 yr. theory, but I do think we're in for a rude awakening. I also am something of a paranoid when it comes to money matters. When I read Money magazine and they profile couple who are 26 and 27 years old with 150k in savings/investments, I feel woefully inadequate.
Screw them. Live your life. Spend your money.
This couple probably stayed after school because they wanted to.
I wasn't even finished with grad school when I was 27. I wouldn't sweat it.
I had just heard of a thing called high school at 27. But I suspect that book learning was a good thing.
Yep. It took nine years, but I finally figured out what a book was.
Me too. But once I got that learning, I was like an unstoppable intellectual force. A lot like that guy in With Honers.
Re: Are we headed for a recession?
Posted: January 23 08, 10:30 pm
by sighyoung
Maybe I should start my own pyramid scheme.
I've been reading up on Charles Ponzi and Ivar Kreuger. When I figure it out, I'll let you all in on the ground floor, o.k.?
Re: Are we headed for a recession?
Posted: January 23 08, 10:30 pm
by planet planet
Michael wrote:Just in case anyone is worried - I assure you Leroy will be banned within the next 20 years. The mods and I are working on it.
That is such a shallow threat, Michael, and you know it. We're spineless wusses.
Re: Are we headed for a recession?
Posted: January 23 08, 10:30 pm
by Leroy
Michael wrote:Just in case anyone is worried - I assure you Leroy will be banned within the next 20 years. The mods and I are working on it.
Just like a politician.
Delay the inevevitable.
By the way, your Christmas present to me was not funny, and it died on the way.