Sonia

Could the Dow Sink Another 50% by 2012?

There has been so much negatism that I'd guess we've seen the bottom, but there are steps we can take to protect ourselves. My son, whose house is half paid for and had a 5.25% mortgage on 15 years, has refinanced at 4.8 for 30 years to reduce his payments in the event that he loses his job. With the much lower payments he could deliver pizzas and not lose his home. Make a game of "how fast can I pay off the credit cards?" Buy quality stocks in essential industries that pay stable dividends, and reinvest the dividends. When you walk a middle course between gloom and euphoria, life is good!

The Law of Unintended Consequences: 20th Century and Beyond

On Jan 05 12:17 PM Vienna wrote:


> - the unfunded medicare - it works here in Europe where live expectancy
> is higher, we always surely need to adopt it to the age pyramid,
> but this gives us a better future outlook than waiting to have nothing.
> Cost is approx. 10% of GDP for medical insurance , slightly lower
> than US what i know, but EVERYBODY is ensured here, >
> >
>A friend in England, in his 50's, waited for five years for a heart bypass under National Health. IUnable to work as his health failed in those years, he lost his house and his son had to drop out of college. 20 years ago another friend, a schoolteacher who had paid in for England's National Health all her life, was knocked down by a car; no bed was available at the public hospital,so she had to pay for treatment for broken bones at a private hospital. National health means national shortages. We don't want this here.