Recent comments in /f/dataisbeautiful

Square_Tea4916 OP t1_jc6r49v wrote

Reply to comment by [deleted] in [OC] There are a few other Banks sitting on large unrealized securities losses. Compared that to their stock price return month-to-date to see what the rest of the market thinks of their situation. by Square_Tea4916

Let’s unpack this.

It’s not fear mongering, it’s information sharing. I can’t help if someone is fearful based on their perception of information. Sure there could always be more context, but that’s subjective.

No where did I mention or imply “hidden” losses in this chart. Nor did I equate unrealized to hidden losses. Again, this is your bias making an assumption the chart or article never mentioned. It’s simply showing exactly what you mentioned in the first few paragraphs regarding their HTM securities were not meant to be sold, but now they have an increasing gap in their securities valuation and have an increasingly larger unrealized loss position. This issue plus how the bank responds to handling their situation is what spooks investors and in turn depositors.

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detox665 t1_jc6o2ts wrote

Reply to comment by windershinwishes in [OC] US Social Security Fund History by PM_Ur_Illiac_Furrows

Eliminating the income cap will not generate enough revenue to cover the shortage. It isn't even close.

A privatized plan could still provide a minimum guaranteed income to all workers. (the "workers" part there is important, IMO).

If you take the FICA taxes that I generated (taken directly from my paycheck and my employer's "share"), and pretend that it was invested in a variety of index funds with a long-term growth of 5% (actual long-term growth is closer to 7%), I should have a bit over a million dollars at retirement age (+/-65). That includes the various "crashes" that have happened over the years.

If my retirement income is kept to less than long-term growth, I would have roughly $50k per year. Right now I'm projected to get $20-$25k depending on when the "haircut" hits and I have to work until almost 68.

Make it so half of any unused funds go back to the feds to cover those with lower lifetime earnings.

Even a person that works for nearly the minimum wage can generate $500-700k of retirement. But we can sweeten that a little from the government.

In the case of people with significant old-age issues (i.e. dementia) there is a pile of money that can be used for their care. That reduces the amount of money that the government must pay.

Social security as currently established is a Ponzi scheme. Sweden has privatized successfully as has Columbia. The only thing Social Security does well is to ensure that seniors are as equally poor as possible.

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