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Housing used to be an investment, but not anymore. Now, the useless city officials are raking up the taxes to screw up the home owners for all they got. There is a whole gang of con artists ready to pillage the home owners: 1. Mortgage salesman 2. Mortgage banker 3. Carpenters...

No, we are back to record production of unionized jobs, doctors, nurses, dentists, ball players, movies, more movies, american idols, singers, dancers, execs, sports writers (I mean what kind of society pays a sports writer to live in luxury), personal trainers, self help gurus, financial...

Yes, I read this article, and they have like 7-8 stories, and this one stood out. They seem like morons to me, and she is a hair dresser (no offense), but let us see what kind of a house does a hair dresser live in the rest of the world. I think either the whole story is not given here as in...

If people think that their fiat currency will lose value fast, they will buy the equities, which are a hedge against inflation at least as per the text books :) , they will buy. These companies are being run by the most ethical people who put the interest of Joe 6 Pack before their own.

"3. America needs to innovate now, as it's the only way to ensure that future generations will have (at the very least) the same living standards as today. " Now that is funny. I used to be in the innovation business as in engineering, but what happened is that we treat engineers are second...

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Unemployment benefits mean nothing. That is barely enough to pay the real estate taxes and buy food and gas. What about kids and mortgage?

Do you really think Bush knew what he was doing. There was no plan, we all lived in the so called greatness feeling.

Excellent Question and I have spent many nights thinking over it. Stock market can be a Ponzi scheme if the companies are not generating any real economic value. But most companies in stock markets are generating values. So, the market as a whole is not a ponzi scheme. However, even if the...

These malls are empty for a reason. Go to a food store and most of the foods are heavily processed garbage. Stores that do serve good foods (not necessarily organic) are very expensive. Most of the other stuff can be bought at 25% of store cost online, like old model electronics and...

This is where most people get it wrong. If you keep spending and scare holders of dollar, at some point dollar will fall, and at that point one will be more worried about the cost of bread and milk. So far the printing of money has done little to the price of essentials, but if it does, all...

very true, and so the day you buy a house, one should make sure that there is spare cash to pay for at least 2-3 years of mortgage. It is the property taxes that p^ss me off, they are going through the roof, and for what, lousy schools and police who focus full time on issuing traffic tickets...

The ones who can fight that mentality are the ones that make the money.

You are right and wrong. You can easily get rid of the bid-ask spread if you buy and sell without the slimy agents. Let us do the math. A decent apartment costs $12000 a year in a decent suburb, and your mortgage + taxes +maintenance come to about $20000 a year, if you bought a modest...

Gold is dead money, LOL? What do you call 1000s of US companies paying no dividends even though they have been around for decades and have made a lot of money. The latter is more dead, it all depends on the next big fool who will buy from you.

Why do you fail to consider the real estate taxes? OK, so your house is worth a million dollar due to hyperinflation and now you need to pay 50K in taxes, and one may not have the money. Inflation and deflation are both bad. Mild inflation and strong growth are good, but we rarely see that.

All this was a long way in the making, and Clinton, GBW, Obama made little difference.

No, what was devastating for UK was the current generation, all growing up to be brokers and Cinderellas and actors and musicians, while drinking and partying all the time. All this while UK still acting as if it is still the 19th century.

very well said, yes, I am bearish, but bought a bunch in March and made some money to offset all the losses from 2008. I am still bearish, but now I am getting out of equities slowly over the last 2 months.