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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (29578)7/18/2011 9:17:50 PM
From: LTK007  Read Replies (1) | Respond to of 119360
 
O my!! i wrote "work" instead of "world". Stefan will have an orgasm of animosity over that typo.
i wonder why writers have editors and proofreaders? Trivia: David Foster Wallace's brilliant book "Infinite Jest" on first reading of manuscript by proofreader/editor, was found to have 700k errors(yes that is corrrect: 700,000!) And here is a fellow(Wallace) that Charlie Rose said, had a mind larger than our planet--stefan would sit him in a corner with a dunce cap---stefan knows the difference between "there" and "their"---up where i live we have solved that problem: "there" is spelled "Thar" and "their' is spelled "dare" : however, this is not to confused with "they're" is spelled "Thaaaaarrr", as in "thaaaaarrr strappers""--ha! Max



To: LTK007 who wrote (29578)7/18/2011 9:47:10 PM
From: THE ANT4 Recommendations  Read Replies (1) | Respond to of 119360
 
You still dont get it.I have no major problems.I have worked hard,paid taxes out of proportion to the US population,given 10% a year to charity saved and invested wisely(gold and Brazil real estate),traveled 8 weeks a year out of country and retiring early.I grew up in a developing country (as a US citizen)have seen much suffering and done what I could to help.I will continue to work some and continue to give.Most Americans want to do what is right to get out of this crisis but cant see the problem.I can and post when I have something to offer.Sometimes insight, sometimes humour,sometimes a slap in the face when needed.Americans like all nations have their own personality issues.Americans on average dont like to listen to those with more intellect or education than them and that is a major stumbling block.I have many undergraduate degrees including economics and a couple feilds of medical specialization spell lousy and have many other weaknesses.Economics is one of my hobbies,I can see what others cant.The few that have listened have done very well over the years.Some have taken my ideas and made them there own to not have to give credit-they fail in the end.Most dont listen at all.I just smile.Very little insecurities in this area of my life.There are many beter than me as investors.I listen intently.Tobago Jack,John Vossila on Florida Real Estate,Bill Gross,Grantham,Albert Edwards,Jim Rickard,etc..This is some of what I see:
(1)The wealth we had in 2007 was not real and can not be brought back.Low interest rates and easy money bubbled assets and distorted the capital/labour ratio to the benifit iof capital.Bad investments were made.The cash flow is not there to keep assets even at current levels
(2)The banks and Wall Street should have been allowed to fail.In the Great Depression the income dispairity shrank as the wealthy lost their money.This Administration(and last one)bailed the banks out at the cost of the general public via oil/comodity inflation,lost jobs and future retirement(how can you get people to understand that the finance system stole in the here and now from their future as much as the present
(3)We have met the enemy and he is us.The general public pays little federal tax ,20% of their medicare cost and less than 80% of their retirement cost.Even if you could take all the income from the top 10% without their stopping working it would not cover this years deficit.It makes sense choose Europes life style with benifits and taxes or a lower combination of both.We can not compete in this world without a VAT
(4)Wall Sreet and the banks are a bigger threat to the US than any foreign force.Next time around nationalize the banks.It is almost impossible to have a retirement system that doesnt pass through the teeth of the Wall Street Piranhas.Regulate the hell out of them
(5)The US must go through a double dip.We must choose a deflationary vs inflationary recession.Inflationary is beter.We need stimulus at this time .I agree with Warren Mosler.Do away with FICA tax until we create inflation(Housing stops falling).Give the people back their money to pay their debts.Do not give it to the finance system or the government to redistribute.We must pay for the stimulus in the future let us benefit from it now
(6) Buy gold
(7)Peace