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Good analysis overall. However, I would like to make a correction. "#3 This brought inflation, as more and more people needed to borrow more to keep up, prices kept going up and it snowballed. As long as the credit spigot was open, everyone kept drinking.: Inflation is mostly a monetary...

I agree that H1B salaries are as good as an American citizen would make. I have worked in top telecom companies in US and have been involved in hiring engineers. The managers look at the resume and pick the one they like, and they hire the person they like (which is often the case that the...

What can I say, I bet morons will buy this crap. Good business idea. http://www.cnn.com/video/#/video/living/2010/07/11/nr.year.without.sex.cnn?hpt=C2

I live in Illinois and work in Chicago and its not a bad place to be, until you hear about these horror stories where they will jack up the taces on a broke population so that they can pay the hefty pensions. Chicago is a great city to vacation, but if you book a hotel, you will be slapped lots...

I am going to side with the daughter. First, he agreed to pay for the tuition and then, he was not around to guide her. He should have paid her money and be a good father and keep her away from crap like liberal arts, sociology, psychology, etc.

They will be paid retroactively. Its a sham...

wow, so you think the Dems are better for the economy, they have already wrecked Michigan, Illinois and California, the 3 permanent Blue states. Then look at Texas, the best economy of the entire country, the permanent Republican state. You must be on the government payroll, errr, I mean tax...

http://money.cnn.com/video/fortune/2010/06/27/f_gf_bill_clinton_recession.fortune/ I have never thought much of Clinton due to the biggest bubble under his presidency, the dot com bubble. But now, he is talking sense. Very impressive response indeed. Why could not Bush and Obama talk...

Aha, my favorite topic. These agents are a parasite on the productive society. Here is my principle. I will rather overpay the individual owner of the house than to pay the middle man. I bought my house new construction primarily for this reason, so as to get the pimps out of the way. If...

"Tomorrow". There are top students from top schools with MBA and financial mathematics who can not find jobs. The only people in demand are electrical engineers and computer science majors.

Back in the 90s, engineers used to get ridiculed by the supposedly cool people who studied gibberish like psychology, poetry, drama etc. They would spend large, while we would put down our desires for having fun. I used to think that there parents must be rich, now I know that they were just...

I think Faber needs a real job where you do some real work and not yap whole day. He is himself a parasite and then he complains about everyone else.

Motorola was about 200K people in 2000 and now they are about 60K and they still have a lot of fat.

French are excellent workers, at least the white collar ones that I have worked with.

Nah, they just want a few hundred billion. Who needs statesmen when you can have it all for free.

agreed, but at least some of the Germans are working, but in Greece, they are all on the dole.

Yes, they do live large, while the tax payer is pinching pennies.

Its part of their business model. Unless GM finances, they are not selling those cars.

How can everyone be in debt. A lot of this is they are all holding each others debt. What is left is owned by China, Taiwan and Japan and the likes.

I think they are thinking that if you could pay just one - billionth of it, just $965.