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U.S. really has very little choice here. Trash the dollar and we will have .... Pros 1) Eliminate the deficit 2) Force China to re-value their currency unless they want to sit thru the hyper inflation 3) Shrink the trade deficit. 4) Our next generation will start fresh financially...

One day. They will be correct. :) In the meantime, I will play follow the leader.

Any tax expert here? I came across this article by Allan Sloan. I am surprise at how deep he dig into these stuff. Details in bold letters below I don't understand how the public company kicks back goodwill write-off to founders. It looks to me sorta like depreciation of property can...

Of course, a crash is coming. It is a matter fo whether it will be here in 1 week, 1 month, 1 year or longer. ....and can you afford to be not in the market during that time.

Although I am not old enough, I did go thru late 1990s. In late 1990s, internet liberate individual investors from traditional brokage firms. That means you have a bunch of newbies in the market. Now in China, everybody get the first taste of capitalism and it is the same way. Bunch of...

All hot shot internet companies has to make a big overprice purchase at some point. 1) Yahoo bought geocity, broadcast.com ( and broadcast.com is there 10 yrs before youtube, go figure ) 2) ebay bought skype 3) Google bought youtube? ...and who bought that online greeting card company...

At least 1 person in Congress we can count on to guard our economy. Or at least bring the financial situation more to the other side. Now, we just need to do a poll on average American voters on how many of them understand what he is saying. Also, I hope that for everything that the FED...

To be honest with you, if the US is tanking, will the rest of the world hold up? I don't know. Right here, right now, I think the rest of the world will tank with US, but that probabiliy is smaller for each year passing by. Only if there is a Mars economy that I can invest in...:)

Hi all, I have to draw on the wisdom of you guys. I don't remember much from the 70s. Anything that I remember certainly is not economy related. If stagflation indeed is coming our way, what will you do to counter it? Buy commodities? Foreign stocks? What you think will work?

Low price and refinance when interest rate drop.

Hrm... it is only expensive if US dollar is your currency. The dollar will be weaker and that cancel somewhat with the increase price of commodities. On the other hand, this will make China's economy even more inflationary and this will put more pressure on them to de-peg the currency with...

Well, this is not really about owing the west of anything. People save because they feel insecure. If you are thinking that you can only count on yourself when : you are old, natural disaster hit, disease, war or conflict on home front...etc... You will save. If you see your...

Slightly off topic, there is a term for us used in our engineering school for Industrial Engineers. Industrial Engineering = IM = Imaginary Engineering. ( Imagine you are doing engineering ) Anyway, that is a bit harsh. In reality, engineers definitely are smarter. However, in...