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flaco
3 Comments
Was Last Week the Bottom? [view article]
Its not just gas that consumers are spending on, but food at the grocery store, and heating their homes... Prices of everything are rising... Mar 27 07:56 PMIs Oil Overpriced at $105/Barrel? [view article]
This article is very naive. Do you really think the US government is simply going to allow other countries to stop selling and buying in US dollars? Saddam Hussein started selling oil in euros and look at what happened to him. Iran has now started discussing doing the same, and despite reports saying the contrary, Bush is telling America how much of a threat they are..Mar 11 04:55 AM
'Quarterlifers' to Benefit From the Coming Recession [view article]
Who said anything about the educated young having $500,000 401(k)s? The author said just the opposite, and I agree with the author.I am young, with a bachelors degree and have been wanting to purchase a home. While I agree that the public education system is flawed at best, I have had the luxury of living overseas my whole life (military parents). In my area, townhouses go for $300,000+. An educated person knows that these townhouses, that five years ago was worth $130,000, are overpriced. I have bit the bullet, not incurred any debt, saved ($20,000) and waited for the housing bubble to burst. Now that it has, I will wait a year or two more before pulling the trigger to see how far down prices fall. I just wish Bernanke would quit cutting rates! Its killing those of us who like to save and killing the value of the US dollar.
Another point I agree with the author on is the political aspect. Billary is a true politician, who side steps questions, and attacks her rivals on issues that she isn't even strong on. McCain, who was my candidate of choice in 2000, now seems to be a puppet being stringed along. How can a former POW vote against waterboarding as torture? Mar 04 03:21 AM