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    China to deploy foreign reserves

    Wall Street encouraged the hollowing out of America in order to get the money flows from Asia. It looks like the benefits of that bet are coming to an end. In fact, the hollowing of the US is causing the hollowing of US banks as unemployment and wage deflation cause higher defaults. It...
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    Summers said the rebuilt U.S. economy must be more export-oriented

    Could be a market for a home based flash freezer for vegetables and fruits. Flash freezing is suppose to retain the vitamins and taste better than canning or jarring. Some people recommend spacing out the veggies on a metal pan and putting it in the freezer for a few hours. Others say that...
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    Summers said the rebuilt U.S. economy must be more export-oriented

    Do you flash freeze your excess veggies or can/jar them?
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    Summers said the rebuilt U.S. economy must be more export-oriented

    Non-college degree workers make up about 2/3rds of the population. Many are just not cut out for higher education. I don't think any of them had aspirations for a McMansion, Gucci or a Porsche. Just a decent paying job that would allow them to raise a family. Your examples are extreme and...
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    Summers said the rebuilt U.S. economy must be more export-oriented

    Yes, lets break out the champaign. More jobs sent to China. Rejoice! The manufacturing jobs lost usually pay more than the type of service job that non-college people can get (if they can find a job). I think you are being a bit too cavalier here. One solution would be to have the...
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    POLL: Did your trading improve from shortening your time frame or from lengthening it

    One problem with longer time frames is that you can be subject to trigger lock, where you let good entries go by because they are not "perfect". The shorter time frame trader loosens up the trigger lock through activity. This is not an insurmountable hurdle, just a hurdle.
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    Summers said the rebuilt U.S. economy must be more export-oriented

    What you don't understand is that labor costs may only account for 10% of the cost of a product. So even if the labor-cost difference is 20-1, currency fluctuations can wipe out that advantage. I think the real reason business produces in China is to skirt environmental protections and other...
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    Credit Card Fees

    I say reduce the fees and de-fund the mega-banks. The profit margin on these fees is probably 90%. The 3% fees made sense, as the article said when there was a lot of paper handling in the credit card business, but not anymore. The retailers may not pass the savings on right away, but...
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    Ron Paul says healthcare not a right

    Health care is a right. Public safety is a right. Clean air and water are a right. Basic education is a right. Voting is a right. Gun ownership is a right. Ron Paul is wrong.
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    Credit Card Fees

    Some straight scoop on credit card fees. ________________________________ Card Fees Pit Retailers Against Banks By ANDREW MARTIN (New York Times) The most profitable item at Patricia Orzano’s 7-Eleven store on Long Island is coffee. Slurpees are a distant second. But as more...
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    Shorts blindsided today. Market turn or burn?

    Even a skunk can't make a cent today.
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    Doctors In Financial Trouble: Many Selling Their Practices & Switching Careers

    Have you ever heard of George Soros? People who's minds are locked in a rigid ideology do not make good traders. They don't have the mental flexibility. The exception are pit traders and market makers who trade with a built-in institutional edge and have a sense of entitlement, not...
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    Doctors In Financial Trouble: Many Selling Their Practices & Switching Careers

    One of the reasons why there are so many lawsuits against doctors is that they are distracted by their money obsession. Thinking about their stock portfolio, wondering if they closed on the 2nd vacation home. Spending more time thinking about how to code this patient for revenue maximization...
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    Doctors In Financial Trouble: Many Selling Their Practices & Switching Careers

    Time spent on the golf course and on vacations is counted in that 80 hours.
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    Doctors In Financial Trouble: Many Selling Their Practices & Switching Careers

    How about military doctors? They are government employees and provide excellent care. I don't think you will get better health care because some private doctor is drooling, thinking about all the money he is going to make by operating on you or day dreaming about his new airplane. How many...
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    Doctors In Financial Trouble: Many Selling Their Practices & Switching Careers

    Now doctors are viewing themselves as victims. Anyone who criticizes runaway health care costs is labeled a "doctor hater". I guess this is like being a Holocaust denier.
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    A Lower Dollar Is The Solution....?

    As long as China pegs its currency to the dollar, a dollar devaluation will be of limited help in boosting exports. We may be better off with a strong dollar which would encourage investment in US production for the US market.
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    Any Successful E-mini Traders with Blogs?

    Don Miller posted his blog for a year without trying to sell anyone anything. I agree that he probably had this in the back of his mind, a way to get credibility ala Larry Williams making a million dollars in a trading contest a long time ago. I don't understand why he would not just keep...
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    Doctors In Financial Trouble: Many Selling Their Practices & Switching Careers

    Everyone is working hard these days and no one is indispensable. Many doctors are in debt from trying to super-size their lifestyle (2nd homes, fancy cars and expensive country clubs). They could not afford to quit, its just a vulgar threat to scare people - like a policeman saying that he is...
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    Doctors In Financial Trouble: Many Selling Their Practices & Switching Careers

    This has not been the case in EVERY other developed country, so why would it happen here? Medicine should be a calling to heal, not a calling to lucre. The doctors who serve in the military are very competent and motivated and they don't do it just for the money.
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