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I agree with you. I graduated with a masters degree in EE in US and people would look down upon me as if I was beneath them, and then I would hear them wow at some people who were lawyers or stock brokers. Now everyone is a stock broker and not enough engineers.

I doubt that doctors can keep making all that money. People are broke, so how can they pay the doctors all that money

There are many reasons not to pay off your mortgage: 1. If the hyperinflation scenario is expected, then it is better to invest in real assets than pay off the fixed rate mortgage, not to mention, that the future payments will be in the inflated currency. 2. There are tax deductions...

not going to happen anytime soon. US leads the world in just about every business, energy, banking, agriculture, research, technology. It is just a matter of the American wages coming down along with the health care costs in the US. A basket of currencies, of which Dollar, Yuan and Ruppee...

Its not just the DVD sales that are going down, the demand for just about everything is drying up. Who needs the DVDs when just about everything is available online and cable. Someone mentioned to me while in High school that his family never goes to the movies, since these so called new...

considerable as in a considerable portion of my portfolio. I do need my job though and I intend to keep it...

The cost of surviving in the west are very high. We need to get these costs down, and these come from the ridiculously high property taxes, medical costs.

Thanks to all for some great points. My reason for wanting to make this investment is the lack of better opportunities elsewhere. I am also ready with the possibility that I will just keep the property to myself. I already have quite a bit of investments in foreign bonds, equities...

I do not trade anymore but I have some investments in the equities and metals etc in the 401K. Is it a good time to buy a condo or a town house for an investment purposes. Or should I just hold on to the cash? I understand that the prices can fall another 10-20%, but one can almost never...

for starters, stop paying 100s of 1000s to doctors and get the lawyers out.

Unemployment and socialism are delicare matters and must be dealt with sensitively. I am surprised by some of the harsh comments. 1. I think people have to take most of the blame for what is going on. You have to keep reserves for the rainy day. Not only do most people do not have...

Why am I not surprised. Just visit UK and you will find out. I did and I found everyone wanting to be an officer. No one wants to work there. They want to watch cricket, eat at expensive restaurants, Tip very well, live large. For work, they want a job as financiers and money managers. It...

I don;t think anything like this will happen, at least not for now.

I agree with you. The only way out for the common folk is to stop spending on anything except what is 100% essential. With that money saved, we should finance the comfortable retirement of the city officials.

I live in Chicago suburbs. I was told that in one of rich suburbs, contractors charge close to $1000 to put a stop sign. Now that sign has probably $10 of metal in it and $5 of Paint. Rest is insurance and Union and city workers working at the special Union and City wages. Then there are...

You can bet on the long term trend of the foreign exchange of a country's currency by observing the young citizens of that country, and I have been to England and yes, Sterling will take a beating.

There are a lot of posts comparing Greece to UK in infrastructure, etc and in concluding that UK is so far ahead of Greece. I will respond to these comments with a supposed real conversation between a wall street banker and a fisherman. A wall street banker goes to Mexico and sees a...

There is only 1 main problem with UK which is similar to what we have in USA. People want to do nothing but be managers, entertainers, and bureaucrats. I visited UK in 2003-2004 time frame and I was very confused. The country side is the most fun place to be and in summer the whole country...