Second,thenotionthatavastmajorityofAmericanhouseholdsaregreatlyinvestedinthestockmarketiserroneous.Lessthanhalfofallhouseholdsholdstockinanyform,includingmutualfundsand401(k)–stylepensionplans.From2001to2004,theshareofhouseholdsholdingstockdeclined—forthefirsttimesince1989—from51.9%to48.6%.
Moreover,ofthosehouseholdsthatheldstock,just34.9%hadstockholdingsof$5,000ormore.Furthermore,theo...[
阅读全文]
stockswontwinthisbattlebecausethereisreallynothingtobuyoratleasttogarnerwhenyougetthem.Theyhavebeenridiculouslyoverpricedforoveradecadenowandintruthhavegonenowhereforalmost8years,butbullskeepbullingthem.Wehaven'thadarealeconomicrestforgoingon2decadesanddebthasbeenpileduplikeitisgoingtobepaidtomorrowandlikeeveryonealwaysgetstheirmoneyback.Thisisgoingtobeanuglybearmarket,muchuglierthanthedotcombust,...[
阅读全文]
如何看待中国城市“翻天覆地的变化”？上世纪七十年代末，邓小平急于挽回中共执政的合法性，“弥补”中共人为破坏国民经济达三十年的历史性罪孽，进而保住其权力和既得利益。邓某带领中共，从政治“大跃进”一步跨入经济“大跃进”，从政治狂热一步滑向经济狂热。从一个极端走向另一个极端。在“以经济建设为中心”的旗号下，全民皆商，金钱至上。为了提前尝[
阅读全文]
为什么“新中共”骗不了牛拜耳奖(创原)
兼谈李四光，钱学森，杨牛拜和林文英(题目)
______________________________________
新中共这56年的历史过程中，早期能拿的出手的著名科学家或许只有以上的这几位，而且都是从俺们美国回去的。虽然后来出了个伪水稻技术员袁大叔和因继公共汽车被摔残废后至死的陈数学还算出名，可悲的中共居然没有本土或者在苏绣的帮助下培[
阅读全文]
"Thereismentionofthehousingmarketandthebuildinginventoriesaroundthecountry.Thisisthetipoftheiceberg.Iamassistingmymotherinherrentalportfolio,ofwhichIbelievethepeakincomefromwhichwasabout2002.TherecentvacancieshavebeentragicandtheapplicantswearegettingaresobeatenupcreditwisethatIamnotseeingevenhonestapplications.3ofthelast5applicationsIhavetakenhavebeenpeopleincertainstagesofeviction.Theseareo...[
阅读全文]
zt好的文科该教人智慧说到赚钱，太史公早就感叹：天下人熙熙而来，皆为利来。可是，世上之事，是否都值得那么看、那么做吗？我常常转述帕斯捷尔纳克在《日瓦格医生》里讲的故事：上帝最初给人、马、狗、猴4种动物分配寿命。人睡懒觉，迟到了，上帝把手里剩下的25年全给了人。人很贪心，要多一点。上帝只好请人自己跟其他动物去商量。人先央求马，马很善良，匀出[
阅读全文]
USA
CHINACONNECTION
Theforgotten'spy'caseofarocketscientist
ByPeterGrier(grierp@csps.com)
StaffwriterofTheChristianScienceMonitorWASHINGTONBorninChina,heperfectedhisscientificskillsintheUnitedStates,workingonsecretmilitaryprojects.Thoughamodelfiguretohisco-workers,theFBIwassuspicious-agentsthoughthimaspy,threwhiminjail,andtormentedhimbyflickingonlightsthroughoutthenight.Freedforlac...[
阅读全文]
Chichilniskycreatedthetermandtheoryof"EndogenousUncertainty"about12yearsago.Itistheuncertaintycomingfromrisksthatweourselvescreate-ratherthanriskscomingfromexogenousoroutsideevents(thestandardtheoryofriskmanagementonlyconsidersrisksthatareoutsideeventsonwhichwehavenoparticipationincreating).Ithastodowithrisksthatwehumansourselvescreatethroughouractions,ratherthancomingfromnature.Themoretheeco...[
阅读全文]
10yeartreasuriesarealready4%goingintoarecession.Stockswon'tgettheboostthistime.Theeconomyalreadytooktheshot.
Now,whatissogreataboutremainingbullishafteraratecut?2001,theSPXwasinthe1440rangeafterthecut.Whereisittoday?about50pointshigher,almost7yearslater.ThedividendyieldontheSPXwas1.25%then.Sowhathasremainingbullishaftertheboostofthefirstratecutgottenthebullsthelasttimearoundtheblock?Maybea1.6%...[
阅读全文]
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[
阅读全文]
