34 here’s how they do it. If on October 1 like has been said everyone transfers investments to a money market it will disrupt their plans.
Retirement accounts are now north of $40 trillion, and thanks to auto-enrollment and target-date defaults, much of that is funneled into index funds whether or not valuations make sense. Passive has overtaken active management, and the big three firms — Vanguard, BlackRock, State Street — collectively control tens of trillions. Their flows don’t analyze; they just buy. The bigger the stock, the bigger the allocation. That’s how the Magnificent Seven levitate while market breadth gasps for air.
But those inflows depend on payrolls. When jobs go, contributions dry up, and redemptions accelerate as people tap savings. And here’s the dirty little secret: these funds don’t keep giant cash cushions. To meet redemptions, many have already been borrowing against credit lines instead of liquidating assets. That’s leverage by another name. It works when redemptions are small, but if they build, funds flip into forced sellers at the worst possible moment. This isn’t a side pocket of the market — it’s more than half of U.S. fund assets, wired directly into retirement accounts. Which is why I’ve argued that job losses are the silent tripwire. When payrolls crack, the passive bid cracks, and when the passive bid cracks, the market has no floor.
Excellent post as always, Irish. love the coffee babes. what I want to know is who's the asshole that would repot the post? gotta be a way to find out and shame them / doxx them. bastards.
Maybe check with A Nod to the Gods and see what platform he uses. His "Rated R Randomness" often features nekkid ladies, and he apparently doesn't need to hide them.
In the meantime, I enjoy the FFFF even without the more explicit content. Thank you for your efforts.
BZ Brother!! Trying to find out #23, everything says it's "Urup Island" but it's far, far too small. Might be an "Islet" just off of Urup, regardless, it looks fascinating, like an evil villains lair. Probably owned by the Pelosi's........
Love the red hot feet pics. Keep up the good work.
ReplyDeleteThanks, Irish. Still a great post. Be well and take your time.
ReplyDeleteNice droll on 27, pretty good looking legs on 28, nice looking older lady on 37 nice aura on 49, nice everything on 74.
ReplyDeletePS You need to stand up to these people. Find another hosting site, if necessary. Others have done it.
Regardless of how they try to hurt you, please know your efforts are deeply appreciated; not just for the ladies you share, but for all of it.
ReplyDelete“New couch” is simply NOT the first thought that came to mind.
ReplyDeleteHer "film" name is Koni Demiko.
DeleteBR
I gained weight simply looking at that surf & turf board.
ReplyDeleteGreat post, even without the nips.
ReplyDeleteWho is the beauty in the second to last photo?
ReplyDeleteMay be Wanda Nara, but has to be in her early days.
DeleteKeep up the good work. Stay Safe.
ReplyDeleteYou done good, Irish.
ReplyDeleteOutstanding, even without the nanny’s
ReplyDelete31 my uncle taught me as a kid that bolts are aerodynamic and excellent ammo
Oops, I meant nuts
DeleteWell, the bolts aren't aerodynamic but do MUCH more damage when they tumble...
DeleteI can't remember where I learned that...
34 here’s how they do it. If on October 1 like has been said everyone transfers investments to a money market it will disrupt their plans.
ReplyDeleteRetirement accounts are now north of $40 trillion, and thanks to auto-enrollment and target-date defaults, much of that is funneled into index funds whether or not valuations make sense. Passive has overtaken active management, and the big three firms — Vanguard, BlackRock, State Street — collectively control tens of trillions. Their flows don’t analyze; they just buy. The bigger the stock, the bigger the allocation. That’s how the Magnificent Seven levitate while market breadth gasps for air.
But those inflows depend on payrolls. When jobs go, contributions dry up, and redemptions accelerate as people tap savings. And here’s the dirty little secret: these funds don’t keep giant cash cushions. To meet redemptions, many have already been borrowing against credit lines instead of liquidating assets. That’s leverage by another name. It works when redemptions are small, but if they build, funds flip into forced sellers at the worst possible moment. This isn’t a side pocket of the market — it’s more than half of U.S. fund assets, wired directly into retirement accounts. Which is why I’ve argued that job losses are the silent tripwire. When payrolls crack, the passive bid cracks, and when the passive bid cracks, the market has no floor.
Thanks
ReplyDeleteExcellent post as always, Irish. love the coffee babes. what I want to know is who's the asshole that would repot the post? gotta be a way to find out and shame them / doxx them. bastards.
ReplyDeleteChi.
Thanks the week is now complete
ReplyDeleteGood stuff. Thanks.
ReplyDeleteNicely done, VERY nicely done.
ReplyDelete#16 - Mix tapes, FTW!
ReplyDelete#31 - Very creative, and bolts make good ammo too
#56 - I had that album. Kinda spotty, not as good as Tubular Bells
Thanks, Irish. Ya know, it's every bit as enjoyable, for me, without the nekkid chicks.
100 images - yeah, you did put in yeoman's work.
- Mr. Mayo
Maybe check with A Nod to the Gods and see what platform he uses. His "Rated R Randomness" often features nekkid ladies, and he apparently doesn't need to hide them.
ReplyDeleteIn the meantime, I enjoy the FFFF even without the more explicit content. Thank you for your efforts.
Half nekked or fully nekked, you always find the best of the bunch.
ReplyDeleteBZ Brother!! Trying to find out #23, everything says it's "Urup Island" but it's far, far too small. Might be an "Islet" just off of Urup, regardless, it looks fascinating, like an evil villains lair. Probably owned by the Pelosi's........
ReplyDeleteagree with
ReplyDeleteclayusmcret, jabrwok nd sedition!
i think we all appreciate All your time energy nd efforts, etc.
I suspect some of us would even donate to support you.
he has a good point about nod/gods…
Thank you ever so much for this really terrific string of photos and memes.
ReplyDeleteSubtle IS good
ReplyDeleteNothing wrong with this G Rated post. As the old Irish Spring commercial said, "I Like it Too".
ReplyDeleteI wonder what platform anodtothegods uses. https://anodtothegods.com/?p=42050
ReplyDelete