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VCJIM
ParticipantI’m not sure the fed *can* lower interest rates; it would kill the dollar. Most other centralized banks have been increasing interest rates lock-step with the feds, because they have inflation too.
As was discussed in another thread here, dropping the fed rate at this point will not save housing. We’ve already reached the point of no return.
August 1, 2006 at 11:08 AM in reply to: You thought doctors were free of outsourcing worries? #30335ParticipantDaniel, it’s a nice counterpoint.
ParticipantI have been around many homosexuals; IMHO they have roughly the same amount of relationship problems as heterosexuals. It comes down to commitment, love, responsibility, etc…not orientation. IMHO.
ParticipantKewp, that’s exactly what I was thinking!
ParticipantHe is not an actor, or anything on the production side. I should have mentioned that. He was working in distribution. Any change to the porn industry from the internet would have (and did) happen years ago. What is happening now is due to….what? I don’t know, but it could be economic factors. I have to believe, for most people, that porn is a lower priority than making their house, car, food payments.
ParticipantPS,
It’s funny you bring up opening a bank account in the EU. My girlfriend is French, so I asked her to ask her parents if I can open a savings account in France. This was largely out of pure interest, but if it was a good deal I would consider doing it. Anyway, her father inquired at the bank. They seemed to have no clue about whether an American Citizen (I realize your situation is different) can open an account there. They were completely unhelpful!
ParticipantSure, why not…look at Doogie Houser.
ParticipantI agree PS. Given all the hard work, hours, necessary loans, etc., many doctors are just paid o.k. Remember, most G.P.s don’t start earning real money until they’re almost completely through residency. Let’s take your average person, graduate college at 22, medical school for 4 years, residency for 3 years (assuming no specialty). By the age of 28-29, you get your first paycheck! While we’re on the subject, most people have no idea how much mal-practice insurance costs. The last time I knew, it was something like $20K / year.
ParticipantPS, I don’t disagree, just wanted to mention it as a possibility for now or the future.
ParticipantI have a good friend in the porn industry, he was recently laid off (no pun intended). I asked him how the industry in general was going, he thought it was getting soft (no pun intended). I was asking because I was curious if porn was considered an essential, or a luxury; perhaps it would be a leading indicator of a recession.
ParticipantI’m not advocating an Asian fund specifically, only that this method is one way to divest of the US dollar.
ParticipantI put some of my money in a Pacific Rim index fund (Vanguard). While this has the normal stock market risks / rewards, it also diversifies into (mostly) Yen. Let’s say that 1 year from now the price of this fund is exactly the same as when I bought it, but the yen has gained 10%. Assuming no fees, I gained 10% on the investment. That is my understanding anyhow!
July 28, 2006 at 5:52 PM in reply to: Leading Economists have NEVER predicted any of the last recessions #29981ParticipantHuh? 8 out of 6?
“Eventually it remain inverted for a sustained period (like right now) and it will be right.”?
ParticipantWell Poway…he is right. Not everyone with these kinds of loans is going to default or end up in a forced sell. But I agree with you, and he also agrees, that it will be a significant force. As I wrote before, we will find out how resilient people are these days!
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