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Total number of posts:44
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Joined on 10/10/2008

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Smart SpendingCOMMENT

Mortgage rates fall below 4%

Get ready for the next "bubble" ---- my 1st house in 1978 required 20% down for a 30 year fixed mortgage at 9-3/4%.  Since then,  the dropping of interest rates allowed home prices to appreciate much faster than inflation & wages due to the monthly payment buying "more house".  Going forward from here --- I don't see w...more
10/6/2011
Latest DispatchesCOMMENT

Tech sector strength lifts markets

Our government just shot another arrow through any hope for job growth in America ---“The Federal Reserve pledged to keep its key interest rate at its record low of nearly zero through the middle of 2013…” I think Business 101 will have companies respond by: –        Never fight the fed (forecast of near zero growt...more
8/11/2011
Smart SpendingCOMMENT

Market plunge: Another bad turn for boom...

I am a boomer... - I worked starting at age 14 (golf caddy & paper delivery) - I had to pay my own college (I worked vs. student loans) - at age 24 I bought my 1st house with 20% down --- the mortgage amount of 50K scared the crap out of me so I made double payments (my furniture was limited to some used lawn fur...more
8/9/2011
newsCOMMENT

Ask the White House: How does the Obama...

If revenue increases are proposed by the President (for example:  tax the rich -- using the Clinton Administration rates) -- is the government going to commit to reducing spending back to the levels during the Clinton Administration (% of GDP)?   –        The solution for a gambling addiction problem is not more ca...more
4/13/2011
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