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ParticipantWhen my wife and I first moved to California, we were very excited, sandy beaches, sunshine, glamorous images of the life style etc. After 18 months, we left pretty disillusioned, that the images we had were not real. The sea is cold and polluted, the beaches featureless, concrete freeways everywhere. The places just seemed soulless. We have since returned, more out of circumstances than desire, and have spent another year trying to come to terms with our lot. We live in LA, and have visited SD several times. I personally prefer SD because its size is more manageable, and it has focal points; Gas Lamp district, La Jolla, and the Old Town. It also has places like Encinitas, with little restaurants. You can also swim out in the sea. The main downside is that you are trapped by a border to the south with a not-so-friendly neighbor, and the sea to the west, so that limits where you can go. It gets my thumbs up on a comparative rating but California is by and large pretty over-rated, and has a very over-priced real estate market.
ParticipantWhen my wife and I first moved to California, we were very excited, sandy beaches, sunshine, glamorous images of the life style etc. After 18 months, we left pretty disillusioned, that the images we had were not real. The sea is cold and polluted, the beaches featureless, concrete freeways everywhere. The places just seemed soulless. We have since returned, more out of circumstances than desire, and have spent another year trying to come to terms with our lot. We live in LA, and have visited SD several times. I personally prefer SD because its size is more manageable, and it has focal points; Gas Lamp district, La Jolla, and the Old Town. It also has places like Encinitas, with little restaurants. You can also swim out in the sea. The main downside is that you are trapped by a border to the south with a not-so-friendly neighbor, and the sea to the west, so that limits where you can go. It gets my thumbs up on a comparative rating but California is by and large pretty over-rated, and has a very over-priced real estate market.
ParticipantWhen my wife and I first moved to California, we were very excited, sandy beaches, sunshine, glamorous images of the life style etc. After 18 months, we left pretty disillusioned, that the images we had were not real. The sea is cold and polluted, the beaches featureless, concrete freeways everywhere. The places just seemed soulless. We have since returned, more out of circumstances than desire, and have spent another year trying to come to terms with our lot. We live in LA, and have visited SD several times. I personally prefer SD because its size is more manageable, and it has focal points; Gas Lamp district, La Jolla, and the Old Town. It also has places like Encinitas, with little restaurants. You can also swim out in the sea. The main downside is that you are trapped by a border to the south with a not-so-friendly neighbor, and the sea to the west, so that limits where you can go. It gets my thumbs up on a comparative rating but California is by and large pretty over-rated, and has a very over-priced real estate market.
ParticipantIf you’ve already got cash reserves outside the dollar, I’d hold onto them. A spread of currencies with the dollar being so weak makes sense. The temptation of course is to convert and reap the benefits, but then your left holding the baby if things go pear-shaped. Some predict the dollar gaining ground late next year. As far as US residents investing abroad, there are restrictions and tax implications.
ParticipantIf you’ve already got cash reserves outside the dollar, I’d hold onto them. A spread of currencies with the dollar being so weak makes sense. The temptation of course is to convert and reap the benefits, but then your left holding the baby if things go pear-shaped. Some predict the dollar gaining ground late next year. As far as US residents investing abroad, there are restrictions and tax implications.
ParticipantIf you’ve already got cash reserves outside the dollar, I’d hold onto them. A spread of currencies with the dollar being so weak makes sense. The temptation of course is to convert and reap the benefits, but then your left holding the baby if things go pear-shaped. Some predict the dollar gaining ground late next year. As far as US residents investing abroad, there are restrictions and tax implications.
ParticipantIf you take Cyphire’s argument one step further, you must also ask how qualified is the average person to vote for a government to run his or her country. If the government fails you, and you voted for it, are you going to take responsibility for your actions? Or are you going to blame the politicians? Who was to blame for Katrina, the weather forecasters, the city planners, or the hurricane? Or just the stupid people who didn’t bother going to the library? If people can see the jackboot, they generally don’t wait around to be kicked in the ass.
ParticipantIf you take Cyphire’s argument one step further, you must also ask how qualified is the average person to vote for a government to run his or her country. If the government fails you, and you voted for it, are you going to take responsibility for your actions? Or are you going to blame the politicians? Who was to blame for Katrina, the weather forecasters, the city planners, or the hurricane? Or just the stupid people who didn’t bother going to the library? If people can see the jackboot, they generally don’t wait around to be kicked in the ass.
ParticipantIf you take Cyphire’s argument one step further, you must also ask how qualified is the average person to vote for a government to run his or her country. If the government fails you, and you voted for it, are you going to take responsibility for your actions? Or are you going to blame the politicians? Who was to blame for Katrina, the weather forecasters, the city planners, or the hurricane? Or just the stupid people who didn’t bother going to the library? If people can see the jackboot, they generally don’t wait around to be kicked in the ass.
ParticipantI laughed when I saw a headline that Bush was giving a speech on the economy. He is the crook in chief for all of these companies that made billions on this real estate run.
Yeah, but what he doesn’t know is that he got sold the biggest ARM in the world.
ParticipantI laughed when I saw a headline that Bush was giving a speech on the economy. He is the crook in chief for all of these companies that made billions on this real estate run.
Yeah, but what he doesn’t know is that he got sold the biggest ARM in the world.
ParticipantI laughed when I saw a headline that Bush was giving a speech on the economy. He is the crook in chief for all of these companies that made billions on this real estate run.
Yeah, but what he doesn’t know is that he got sold the biggest ARM in the world.
ParticipantSeems my question was timely. It looks like exposure to the subprime market is now beginning to unravel itself in Europe.
The fallout of the US subprime mortgage market has hit German banks. A small German bank, IKB Deutsche Industriebank, had to be rescued Monday by its main shareholder, a government-owned bank, to the tune of €8.1 billion.
A painful session for European equity markets on Thursday began with French bank BNP Paribas revealing it was the latest casualty of the US subprime mortgage market.
BNP was forced to suspend three of its funds as recent debt market concerns had dried up liquidity.
This was accompanied by unlisted Dutch investment bank NIBC reporting first half losses due to exposure to the subprime market.
A move by the European Central Bank to inject nearly €95bn into the overnight money market only served to legitimise market fears, traders said, and the equity market sell-off intensified.
ParticipantSeems my question was timely. It looks like exposure to the subprime market is now beginning to unravel itself in Europe.
The fallout of the US subprime mortgage market has hit German banks. A small German bank, IKB Deutsche Industriebank, had to be rescued Monday by its main shareholder, a government-owned bank, to the tune of €8.1 billion.
A painful session for European equity markets on Thursday began with French bank BNP Paribas revealing it was the latest casualty of the US subprime mortgage market.
BNP was forced to suspend three of its funds as recent debt market concerns had dried up liquidity.
This was accompanied by unlisted Dutch investment bank NIBC reporting first half losses due to exposure to the subprime market.
A move by the European Central Bank to inject nearly €95bn into the overnight money market only served to legitimise market fears, traders said, and the equity market sell-off intensified.
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