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Frank Rong1
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Well said, And this really proves to me that this is the TIME to by stocks.
Aug 19 22:04 pm
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All Comments by Frank Rong1 »The Great Consumer Crash of 2009 [View article]
Saving rates are flawed due to government calculation.
real estate mess is another perfect example of free market system. As home prices moved up, more competitions moved in, more homes being built and prices will eventually fall. nothing worng with that. I am surprised so many people are so shocked with the fall in prices.
asset= liability + equity.
Yes, Liabilities in this nation on the rise, primarily due to home mortgage debts, but so what, we have plenty of asset and equity to pay off debts.
Relax. You live in a best country in the world. American stocks are very cheap. A big bull market has already begun,