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also combine this with the fact that the margin rate on prime optionARMs was much lower than on subprime ARMs. there's no question the upcoming recast will put pressure on the housing market and economy, but it won't be as severe as subprime collapse.

target is slightly less ghetto than walmart. not all walmarts are full of trailer trash. i've been to one that has trailer trash mixed in with people who appear to be high tech professionals (all cheapasses nonetheless). i also know a couple of multi-millionares who shop at walmart and its...

how the hell do you reduce taxes for people who don't pay shit to begin with? the bottom 50% taxpayers pay 3% of all income taxes. if anything, the fatass freeloaders need to start pulling their weight...

i'm not sure what the point of having an unrealistic goal like this. you never met any of your prior years' goals, and i'm gonna go out on a limb now and say you won't meet this one. are these wild goals intended to generate a lot of buzz? i guess "taking 410k to 575k by end of 2010" doesn't...

i started around 1998 and i'd say it's easier to make money today due to the higher volume and greater availability of products. if you had a capital base of a few million, you would have run into liquidity issues back in the late 90s. today there's enough volume and products to spread your...

then they'll need a way to disable the device when it's used outside your home.

the reason you and most others on ET like the idea is because it'd mean your fine would be like $24. anyway it's a dumb idea. how would you like the government sticking their nose in your personal finances each time you got a ticket?

lol, there's no such thing as a $20k accident on a high-line exotic. a new wheel and tire on a veyron costs over $35k, the enzo's headlight assembly alone costs $7k and its bumper assembly is $19k for just the part. i have an exotic -- the normal rules of repair & maintenance costs do not...

i will enjoy it while it lasts, which will be longer than 2010. just to offset population growth, the US needs to create 100,000 jobs per month. and that's just to keep the unemployment rate even at 10%. there's over 15 million unemployed and underemployed workers now. even in the...

aside from the fact many things can be purchased cheaply, such as cars, i've found there's another outstanding benefit to this shitty economy. i'm a serial dater and i've noticed that in the last 6-9 months, it has been much easier than normal to find dates with 7's and 8's and higher. with...

the option-arm problem won't be as severe as the subprime problem because subprime loans had much higher margin rates. because option-arms for prime borrowers have much lower margins, and because the fed is hell bent on keeping rates low, the loan recast won't be as significant. there are...

sometimes it's the "lottery" trade. other times it's because someone sold those options months earlier when they were worth 1.00 and now they're closing their positions. just use an options calculator to see what happens to them when spx drops 8% in a day and vix goes from 22 to 40, like in...

i used to work in high tech, and worked with dozens of H1's. the reason companies like them is not because they can't find qualified applicants, it's because H1's are cheaper and can be enslaved. if an american worker gets pissed off or doesn't get along with their boss, they can find...

have you met people who couldn't get into a university and had to settle for community college or vocational school? not the sharpest knife in the drawer, so to speak. there's a reason why they're not considered for jobs that require analysis and rigorous problem solving.

the reason people with degrees are making jack schitt is because the value of a 4-year diploma has become too diluted. in the 1950's, only a small portion of the US population graduated from a university. it is much higher now. that means more people with fluff degrees like art and...

america doesn't produce more because it's difficult to become an engineer or scientist. not everyone is cut out to be one. as for being underpaid, haha i don't think so. i used to be an engineer and made 150k + benefits (ie, close to 200k total) with only a bachelor's and 10 yrs industry...

get ready to be anal'd. newport beach = $500 per sq foot for entry level far from the beach. close to the beach it's $1600-2000 per sq foot, and that's for a 90 year old home that would be considered a piece of shit in most places in the country. if you think that's bad, you're lucky you...

did you test that 1997 unit? i'll bet the battery failed and has to be replaced. the lead acid batteries in those things only last 3-5 years even if you never suffer a power outage. if you suffer any, then they last much less

$80k glass ceiling? hello, are you living in gnome, alaska? with 10 years experience and a bachelor's, i used to make $145k/year, and if you consider benefits it was closer to $200k. and i was not even among the top paid engineers at my company. a pharmacist at that same age would already be...

don't go into pharmacy. you study your ass off for 3 years post-grad, rack up $200k in loans, all so you can start at $90k/year and be yelled at by angry patients whose insurance denied their prescription drug. i consider it a high-end customer service job. it's unpleasant. if you went...