Second,thenotionthatavastmajorityofAmericanhouseholdsaregreatlyinvestedinthestockmarketiserroneous.Lessthanhalfofallhouseholdsholdstockinanyform,includingmutualfundsand401(k)–stylepensionplans.From2001to2004,theshareofhouseholdsholdingstockdeclined—forthefirsttimesince1989—from51.9%to48.6%.
Moreover,ofthosehouseholdsthatheldstock,just34.9%hadstockholdingsof$5,000ormore.Furthermore,theo...[
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stockswontwinthisbattlebecausethereisreallynothingtobuyoratleasttogarnerwhenyougetthem.Theyhavebeenridiculouslyoverpricedforoveradecadenowandintruthhavegonenowhereforalmost8years,butbullskeepbullingthem.Wehaven'thadarealeconomicrestforgoingon2decadesanddebthasbeenpileduplikeitisgoingtobepaidtomorrowandlikeeveryonealwaysgetstheirmoneyback.Thisisgoingtobeanuglybearmarket,muchuglierthanthedotcombust,...[
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如何看待中國城市“翻天覆地的變化”？上世紀七十年代末，鄧小平急於挽回中共執政的合法性，“彌補”中共人為破壞國民經濟達三十年的曆史性罪孽，進而保住其權力和既得利益。鄧某帶領中共，從政治“大躍進”一步跨入經濟“大躍進”，從政治狂熱一步滑向經濟狂熱。從一個極端走向另一個極端。在“以經濟建設為中心”的旗號下，全民皆商，金錢至上。為了提前嚐[
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為什麽“新中共”騙不了牛拜耳獎(創原)
兼談李四光，錢學森，楊牛拜和林文英(題目)
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新中共這56年的曆史過程中，早期能拿的出手的著名科學家或許隻有以上的這幾位，而且都是從俺們美國回去的。雖然後來出了個偽水稻技術員袁大叔和因繼公共汽車被摔殘廢後至死的陳數學還算出名，可悲的中共居然沒有本土或者在蘇繡的幫助下培[
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"Thereismentionofthehousingmarketandthebuildinginventoriesaroundthecountry.Thisisthetipoftheiceberg.Iamassistingmymotherinherrentalportfolio,ofwhichIbelievethepeakincomefromwhichwasabout2002.TherecentvacancieshavebeentragicandtheapplicantswearegettingaresobeatenupcreditwisethatIamnotseeingevenhonestapplications.3ofthelast5applicationsIhavetakenhavebeenpeopleincertainstagesofeviction.Theseareo...[
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zt好的文科該教人智慧說到賺錢，太史公早就感歎：天下人熙熙而來，皆為利來。可是，世上之事，是否都值得那麽看、那麽做嗎？我常常轉述帕斯捷爾納克在《日瓦格醫生》裏講的故事：上帝最初給人、馬、狗、猴4種動物分配壽命。人睡懶覺，遲到了，上帝把手裏剩下的25年全給了人。人很貪心，要多一點。上帝隻好請人自己跟其他動物去商量。人先央求馬，馬很善良，勻出[
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USA
CHINACONNECTION
Theforgotten'spy'caseofarocketscientist
ByPeterGrier(grierp@csps.com)
StaffwriterofTheChristianScienceMonitorWASHINGTONBorninChina,heperfectedhisscientificskillsintheUnitedStates,workingonsecretmilitaryprojects.Thoughamodelfiguretohisco-workers,theFBIwassuspicious-agentsthoughthimaspy,threwhiminjail,andtormentedhimbyflickingonlightsthroughoutthenight.Freedforlac...[
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Chichilniskycreatedthetermandtheoryof"EndogenousUncertainty"about12yearsago.Itistheuncertaintycomingfromrisksthatweourselvescreate-ratherthanriskscomingfromexogenousoroutsideevents(thestandardtheoryofriskmanagementonlyconsidersrisksthatareoutsideeventsonwhichwehavenoparticipationincreating).Ithastodowithrisksthatwehumansourselvescreatethroughouractions,ratherthancomingfromnature.Themoretheeco...[
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10yeartreasuriesarealready4%goingintoarecession.Stockswon'tgettheboostthistime.Theeconomyalreadytooktheshot.
Now,whatissogreataboutremainingbullishafteraratecut?2001,theSPXwasinthe1440rangeafterthecut.Whereisittoday?about50pointshigher,almost7yearslater.ThedividendyieldontheSPXwas1.25%then.Sowhathasremainingbullishaftertheboostofthefirstratecutgottenthebullsthelasttimearoundtheblock?Maybea1.6%...[
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IfdatafromCountrywidecanbetakenasaccurate:
ReasonforForeclosure Percentage
CurtailmentofIncome 58.3%
Illness/Medical------ 13.2%
Divorce------------- 8.4%
Investment/UnabletoSell 6.1%
LowRegardforProp.Ownership 5.5%
Death-------------- 3.6%
PaymentAdjustment-- 1.4%
Other--------------- 3.5%
WSJ'sMarketbeat12/5/07[
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