Rokjok777

The Housing Market Continues to Improve

Split investment and commercial banks. Commercial banks are essential to keep the economy moving, provide a gov't back-up to them to extend credit. Let investment banks twist in the wind and fail if they can't manage risk. (Let them prosper, too, if they're smart enough. But don't back them with taxpayer dough, duh...)
Instead we've given megabanks trillions of dollars that they're bringing to their trading desks and are making fortunes. For their shareholders. And turning the markets into an even bigger casino along the way.

California - And by Extension the U.S. - Headed for Permanently Smaller Economy

BINGO, we have a winner.

The internet has accelerated a leveling of the global standard of living.
BRIC goes up, the West goes down.

On Jul 08 08:22 AM Boston BizGuy wrote:

> You can come to a similar conclusion by a different path:
> - China has a $7T economy with 1.1B people ($6K/pp)
> - US has a $10T economy with 0.3B people ($33K/pp)
> - As the world globalizes, the distinctions between living in US
> and China erode.
> - Now ask yourself what happens if the world globalizes and everyone
> makes the same average salary? (Possibly, a "fair and just" result!)
>
> - Well, together we have a $17T economy with 1.4B people. ($12K/pp)
>
> - Which means Chinese incomes will double, but US incomes will come
> down by 65%.
> - Which means, the US economy will drop from $10T to $3.6T
>
> Will the world *really* average out? Not anytime soon; the US has
> a decided natural resource, human resource and infrastructure advantage.
> And the world economy will grow over time as the Chinese make investments.
> But seen in this context, a prediction of "zero-growth" in the United
> States must be considered highly optimistic!
>
>
>
>

California - And by Extension the U.S. - Headed for Permanently Smaller Economy

Sorry sir but you have no clue what you are talking about. My father lives in France and has for 30 years. He was treated a week ago for a serious blood clot in his leg. The treatment was world-class, humane, comprehensive, and almost free of charge. He lived in the US for the previous 50 years, through what was probably the best era for health care in the US. He says France is better, and I believe him, especially when you add in the fact it accessible to all their citizens. Go see the movie "Sicko" someday, with your eyes open...


On Jul 07 06:33 PM robert.b.ferguson wrote:

> I'm not angry at all. Is that why rich french people come to the
> U.S. for specialized cancer treatments?