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Edge of Implosion!
from The Daily Coin:
How’s the U.S. economy performing? Well, it depends on what you look at and what you follow. Let’s take a look at a couple of different markets: commodities and equities. But first, how’s the global economy performing? We will compare the global economy to the U.S. economy and see what we find.
Let’s start with equities, the stock market. A lot of people in the U.S. are vested in some sort of stock program, be-it a 401k, an IRA or private pension program. There are approximately, as of March 31, 2014, $4.3 trillion in assets that represented nearly 19 percent of the $23.0 trillion in U.S. retirement assets, which includes employer-sponsored retirement plans (both defined benefit and defined contribution plans with private-sector and public employers), individual retirement accounts (IRAs), and annuities. In comparison, 401k assets were $2.2 trillion and represented 16 percent of the U.S. retirement market in 2004.
