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The knock-on effects. The market would take this about as well as it'd take NASA announcing that they have some really bad news about 99942 Apophis.
by mullingitover 3y ago
The knock-on effects. The market would take this about as well as it'd take NASA announcing that they have some really bad news about 99942 Apophis.
- Marsymars 3y agoYeah, but the actual cause of the problems to retirees wouldn't be "the market", it would be the actual harm to the global economy. At a macro level a 401k is a small slice of the economic pie, and their values are just a reflection of the economy at large - if your 401k value tank, it's either because the economy is also tanking or because your 401k's portion of the total pie is shrinking.