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Honestly, I don't know why Boeing has this image of being such a vital cog in America - America isn't wholly dependent on Boeing and if it was that'd be a gener

by munk-a 7y ago

Honestly, I don't know why Boeing has this image of being such a vital cog in America - America isn't wholly dependent on Boeing and if it was that'd be a generally terrible thing anyways. Also, who cares about the Dow plunging if it's for such a clear and explicable reason - it's usually used by politicians to gauge mysterious impacts on the economy, when you know the cog that broke to cause the numbers to swivel it's a pretty useless metric - you already know the thing. It's sort of like not wanting to go into maintenance mode to deploy a big infrastructure patch because being forced into maintenance mode is bad - yea, it is, and if you can avoid taking servers offline go ahead and do that - but if you can't then just eat the outage as it's probably better to upgrade things than to refuse to upgrade due to the fact that it will expose the fact that you had to upgrade.

AlexCoventry 7y ago
> Also, who cares about the Dow plunging if it's for such a clear and explicable reason The enormous fraction of people who have their retirement savings tied up in the stock market, that's who.
rpiguy 7y ago
Who cares if the Dow plunges? The largest block of active voters, retirees and those near retirement who live off or will be living off their investments.
- hackerbabz 7y ago
  Is this why they should have 90% or more of their fund in bonds by now?
  - ddalex 7y ago
    China has 90% of their funds in US bonds by now (called dollars), and what good does that do them ?
    - hackerbabz 7y ago
      It gets them stable 2% interest every year with almost 0% risk of default.
  - rpiguy 7y ago
    That is sound and oft repeated advice, but I do wonder how many people actually follow it. Anecdotally my parents are half retired and still have most money in stocks, as did one set of my grandparents. They lost a huge amount of their retirement in the .com crash and worked into their mid-70s to recover it. The other set of grandparents put everything into CDs and stable investments. The set of grandparents that lost it and had to get it back still ended up with 5x the money as the more risk averse pair.

by munk-a 7y ago

AlexCoventry 7y ago

> Also, who cares about the Dow plunging if it's for such a clear and explicable reason The enormous fraction of people who have their retirement savings tied up in the stock market, that's who.

rpiguy 7y ago

Who cares if the Dow plunges? The largest block of active voters, retirees and those near retirement who live off or will be living off their investments.

hackerbabz 7y ago
Is this why they should have 90% or more of their fund in bonds by now?
- ddalex 7y ago
  China has 90% of their funds in US bonds by now (called dollars), and what good does that do them ?
  - hackerbabz 7y ago
    It gets them stable 2% interest every year with almost 0% risk of default.
- rpiguy 7y ago
  That is sound and oft repeated advice, but I do wonder how many people actually follow it. Anecdotally my parents are half retired and still have most money in stocks, as did one set of my grandparents. They lost a huge amount of their retirement in the .com crash and worked into their mid-70s to recover it. The other set of grandparents put everything into CDs and stable investments. The set of grandparents that lost it and had to get it back still ended up with 5x the money as the more risk averse pair.