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I dont understand go why they dont just walk away and let the property go into forclosure and file for bankruptcy?What do they have to lose their credit is already probably below 550. The bank would probably forgive them the difference between the sales price and the loan amount and they would...

"Any and all "problems" in society can always be traced back to government intervention in any example you care to give" Lets actually bother to give an example.Lets look at US economic history of the 20th century in a chronological way. 1907 banking panics. Solution institute the Fed...

"American officials apply "Whether it's consistent with the free market" test to theirs" They do? That is news to me actually. Well when I think about it maybe you are right. The US government is a champion of free market reforms like the institution of the FED, income taxes(wich by the way...

I dont suspect that any of you has ever been to China to be able make any judgement calls. I actually consider the chinese economy much more open than the US one. It is so easy to open up a factory in China (I know because a cousin of mine opened up a shoe factory). All this growth that you are...

"Greenspan was continually digging into arcane factoids he hoped would give him a better insight into what was going on under the hood of the U.S. economy. And Bernanke seems to understand the importance of doing the same. In a speech last year, he said that intangible investments "appear to be...

What is truly fightening is your logic not SA's post. You as well as many others seem to have a very perverted view on the economic cycle. It goes like this savings-> investments-> production->consumption.As Hayeks puts it as long as an economy consumes more than it produces real economic...

I have been a client of saxo for 5 years. It really is not a place for day traders, they rip you off 2-3 pips per trade by artificially widening the spread on most liquid crosses and it can go to as high as 10 pips on the exotics. So if you chose them as your broker always use limit orders...