More Great Economic News

[Billy T]

"... More evidence emerged this week of just how bleak the REAL WORLD has become for homeowners—and not just those saddled with subprime and adjustable-rate mortgages. On November 27th the S&P/Case-Shiller National Home Price Index reported a fall in American house prices of 4.5% in the third quarter ..., the biggest drop recorded in its 20-year history. ..."

FROM:
http://www.economist.com/finance/displaystory.cfm?story_id=10225023

Where you can see graph of steady rise (from 1991 till 2006) and the current rapid collapse in home prices during this year.

 

[sandy]

She doesn't understand. I bet she has had her ass wiped her whole life...

STFU and back off with your personal attack bs. It's getting old. I am self/God made. No one gave me anything extra or special. Pathetic losers make excuses and blame others. Winners make their own way.

You know nothing about me and you never will.

 

[desi]

Sandy is right. Losers make excuses and winners don't. No matter what the trends are there will always be winners and losers. You just have to decide where you prefer to end up and plan, or not, accordingly.

 

[Billy T]

... No matter what the trends are there will always be winners and losers. You just have to decide where you prefer to end up and plan, or not, accordingly.

I agree with start of this quoted text, but some of the most important factors (in determining your status as a winner or losser) are not under your control. Clearly the most important factor is your choice of parents. There are of course exceptions. For example the current President of Brazil's parent's were and are illerate. He got his first shoes at age 12, etc. but any honest analysis will show a strong correlation between the status and economic success of the child with that of the parents. (The other group of "exceptions" is the "playboy type", who manages to disipate a great fortune in his first decade after becoming 21.)

Almost all Americans who have not followed my advise to get out of dollars will feel the pain when the depression comes. - It will seem much worse to the "Sandy types" as their fall into poverty will be from a greater height.

 

[TruthSeeker]

Sandy is right. Losers make excuses and winners don't. No matter what the trends are there will always be winners and losers. You just have to decide where you prefer to end up and plan, or not, accordingly.

Undoubtefully. However, there are people who are just born with everything given to them on a silver platter. That's just the nature of our screwed up system. And those people don't understand that some people simply don't have the same opportunities as they do.

Truly, one of the greatest powers a personal can have is the power of association. If you are born on the right place, you know the right people to get you where you need to go, or you are simply already there! From running my own business, I discovered that knowing the right people is the key to be a "winner". And, in my case, that requires ridiculous amounts of work searching for the right people.

What she is missing is that sometimes your circumstances are way too difficult to allow you to get out of poverty. For instance, if you are on a wheelchair, or you live in Uganda. That, of course, she has no idea, as she probably never even been poor in the first place.

 

[pjdude1219]

STFU and back off with your personal attack bs. It's getting old. I am self/God made. No one gave me anything extra or special. Pathetic losers make excuses and blame others. Winners make their own way.

You know nothing about me and you never will.

you know nothing of the plight of the poor yet you still judge them which is worse a false judgement of one or many

 

[Billy T]

It will not impress Sandy, but a few hours ago, on CNN's money /markets show they had a story about the connection between food and energy prices. Stated eggs were up in US 43% and pork in China 54% in last year. Part of the story showed how private organizations are trying to help the most needed. A black lady, mother of four, and 40 hour /week government employee was buying some discounted food in a Brookly NY "food pantry," but more impressive of the trend was fact that (in last week or month, I forget) that food pantry had 30 new needy applicants. (I think they check them out some way to make sure they have real needs, but CNN did not discuss that.)

 

[madanthonywayne]

Thanks I thought so, but do not really know what "10 letters" is. I have been guessing that prior results I have read (3 or 4 letters typically) was 3 or 4 lines farther down on the eye chart - That array with one big E at the top. Now that they are stating "10 lines" that does not seem possible. Can you tell me what "lines" are when speaking of quality of vision?

A letter is a letter. Most lines have about four letters. But the worse the vision, the fewer letters, since they are so big (the exception is logmar chart that has the same number of letters per line but is rarely used.).

So ten letters could mean their vision improved from say 20/200 to about 20/70 using the chart in my office. But on this chart:

A ten letter improvement would take you to 20/50! So it's somewhat ambiguous. It would be nice if they would use the decimal notation for acuity in studies such as this (20/20=1, 20/40=.5, etc) as the exact change in acuity would then be more clear.

And a line is simply a line of vision. A ten line improvement is possible, it would take you from 20/400 (the giant E on the chart in my office) to 20/20. A staggering improvement from worse than legally blind (20/200) to "perfect" vision!

I found a company in P1 & P2 that is using laser
only to activate a drug given systemicly (sometimes this is called "photdynamic therapy")

[/QUOTE]I haven't viewed the presentation from your link yet, but photodynamic therapy (PDT) has been out for a few years. It is promising, but I have not seen any results anywhere near as good as with the anti-VEGF treatments. Also, the medication needed for a single treatment cost like $1500, and multiple treatments are required.

An interesting side note, Avastin (the drug from which Lucentis is derived approved for use in colorectal cancer) is currently the most popular of the anti-VEGF drugs because a treatment is only $50 verses $1000 for the Lucentis! This is especially true for patients without secondary coverage to cover the 20% medicare does not pay.

Dr. Avery adds, "the cost of Avastin, combined with its effectiveness, makes it an extremely attractive treatment." The cost of a single dose of Macugen costs about $1,000, whereas a single dose of Avastin costs less than $50 per eye.

 

[Buffalo Roam]

shelter is considered a need witch a house fufills. i was using the word house in general refering to any dwealing. and a car is almost a need witch is why i included it.

Which, Witch?, is Which, Witch?

 

[Buffalo Roam]

It will not impress Sandy, but a few hours ago, on CNN's money /markets show they had a story about the connection between food and energy prices. Stated eggs were up in US 43% and pork in China 54% in last year. Part of the story showed how private organizations are trying to help the most needed. A black lady, mother of four, and 40 hour /week government employee was buying some discounted food in a Brookly NY "food pantry," but more impressive of the trend was fact that (in last week or month, I forget) that food pantry had 30 new needy applicants. (I think they check them out some way to make sure they have real needs, but CNN did not discuss that.)

No they do not check them out, I volunteer at the Salvation Army's Food Pantry, and they give to all who show up, no questions ask.

 

[sandy]

I agree with start of this quoted text, but some of the most important factors (in determining your status as a winner or losser) are not under your control. Clearly the most important factor is your choice of parents. There are of course exceptions. For example the current President of Brazil's parent's were and are illerate. He got his first shoes at age 12, etc. but any honest analysis will show a strong correlation between the status and economic success of the child with that of the parents. (The other group of "exceptions" is the "playboy type", who manages to disipate a great fortune in his first decade after becoming 21.)
Almost all Americans who have not followed my advise to get out of dollars will feel the pain when the depression comes. - It will seem much worse to the "Sandy types" as their fall into poverty will be from a greater height.

Not true. Parents have nothing to do with your own personal decision to be a winner. Some of the greatest people I know had one or both parents who were losers. Have some self-responsibility for God's sake. And I will never fall. Ever.

Undoubtefully. However, there are people who are just born with everything given to them on a silver platter. That's just the nature of our screwed up system. And those people don't understand that some people simply don't have the same opportunities as they do.
Truly, one of the greatest powers a personal can have is the power of association. If you are born on the right place, you know the right people to get you where you need to go, or you are simply already there! From running my own business, I discovered that knowing the right people is the key to be a "winner". And, in my case, that requires ridiculous amounts of work searching for the right people. What she is missing is that sometimes your circumstances are way too difficult to allow you to get out of poverty. For instance, if you are on a wheelchair, or you live in Uganda. That, of course, she has no idea, as she probably never even been poor in the first place.

Not true. Not any of it. YOU make the decision to be a winner. It's not about parents, contacts, etc. It's a decision. Get that through your head. Duh.

you know nothing of the plight of the poor yet you still judge them which is worse a false judgement of one or many

I know plenty about them including how to help them DECIDE to get out. Not everyone has to be a pathetic loser all their lives. They make a CHOICE to win. I see it every day. Stop enabling losers. It's weak.

 

[Buffalo Roam]

you know nothing of the plight of the poor yet you still judge them which is worse a false judgement of one or many

I was raised in a family of 4, with a income of $9,000 annually, I worked my ass off, in the military saved and did what was ever necessary, I retired at 55, and I will have at a minimum $60,000 a year for life as my income, I didn't wait for the Government to had it to me, I don't have to rely on SS, I started working when I was 14, and that was on top of my farm chores that had to be done Morning and Night, season in season out, planting, and harvesting, the farm came first.

 

[USS Exeter]

Not true. Not any of it. YOU make the decision to be a winner. It's not about parents, contacts, etc. It's a decision. Get that through your head. Duh.



I know plenty about them including how to help them DECIDE to get out. Not everyone has to be a pathetic loser all their lives. They make a CHOICE to win. I see it every day. Stop enabling losers. It's weak.

Okay, I can see where you are going wrong. First of all, some people are born into poverty and have nothing handed to them. It is not entirely their "winning" attitude, but what opportunities are presented to them. We all want to think that a "winning attitude" will be the only thing that will get you ahead in life, but unfortunately, it does not always work that way. In order to get ahead in life, you not only need a winning attitude, but you must also be able to identify opportunities when they come up. Otherwise, you can still be left in the dirt.

I really feel sorry for those people who have everything handed to them, who don't think they have to work to achieve their goals. They won't be able to learn from failure.

 

[pjdude1219]

Not true. Parents have nothing to do with your own personal decision to be a winner. Some of the greatest people I know had one or both parents who were losers. Have some self-responsibility for God's sake. And I will never fall. Ever.



Not true. Not any of it. YOU make the decision to be a winner. It's not about parents, contacts, etc. It's a decision. Get that through your head. Duh.



I know plenty about them including how to help them DECIDE to get out. Not everyone has to be a pathetic loser all their lives. They make a CHOICE to win. I see it every day. Stop enabling losers. It's weak.

you don't know shit. like i said i have friends who are poor. you are like every other condecending well to do asshole i have met. The people i know try their damnedest to rise out of their state. All they need to do is try thats bull shit. Most poor people work their asses off to try and make it. Worthless rich fucks like you make money of the backs off of poor folk most of which would love to have a well paying job but cannot find one. And since companies don't have to pay a living wage there will always be people stuck in the shitter no matter how hard they try. some people get all the chances and from your attitude i'm guessing your own of them. they don't what hard work really is and they the gall to say the poor bastard working his ass off for shit pay isn't trying. and do you truely believe that being born into a wealthy family or a family that has contacts makes no impact on your succes that is by god the most idiotic thing i have ever heard. And if you think i am attacking you now insult my friends be implying there losers again and you will truly understand what a personal attack is.

 

[pjdude1219]

I was raised in a family of 4, with a income of $9,000 annually, I worked my ass off, in the military saved and did what was ever necessary, I retired at 55, and I will have at a minimum $60,000 a year for life as my income, I didn't wait for the Government to had it to me, I don't have to rely on SS, I started working when I was 14, and that was on top of my farm chores that had to be done Morning and Night, season in season out, planting, and harvesting, the farm came first.

i know it is fucking possible but to think that everyone can do it is stupid and naive

 

[Buffalo Roam]

i know it is fucking possible but to think that everyone can do it is stupid and naive

A dumb ass farm boy did it, so why can't a wise assed city boy do it to?
or are they dumber than the wise old farm boy? and have less gumption to get-er-done.

Opportunity doesn't come knocking, you have to get out and hunt it down, I didn't make it like Christopher Paul Gardner, but I am a long way from where I started, and I don't have to shovel shit any more.

Do you thing I waited for opportunity to find me? hell no I ran it down, and beat it to death and took it to the bank.

It started by working extra, and joining the Military to get a education, my first year in the Military my pay was $1178.00 and I put $200 of that into savings bonds. that is where it all started.

 

[pjdude1219]

A dumb ass farm boy did it, so why can't a wise assed city boy do it to?
or are they dumber than the wise old farm boy? and have less gumption to get-er-done.

Opportunity doesn't come knocking, you have to get out and hunt it down, I didn't make it like Christopher Paul Gardner, but I am a long way from where I started, and I don't have to shovel shit any more.

Do you thing I waited for opportunity to find me? hell no I ran it down, and beat it to death and took it to the bank.

It started by working extra, and joining the Military to get a education, my first year in the Military my pay was $1178.00 an dI put $200 of that into savings bonds. that is where it all started.

i know my grand parents on my mom side are immigrents from canada. grandad worked his ass of and no is fairly well of but even if you search for some people oppurtunity just doesn't knock.

 

[Buffalo Roam]

i know my grand parents on my mom side are immigrents from canada. grandad worked his ass of and no is fairly well of but even if you search for some people oppurtunity just doesn't knock.

I didn't say search I said hunt it down, that is why I chose the military, I didn't have enough money to go to college, so I went Military, I learned job skills, and I received a pay at the end of every month, I did what was necessary to pull my ass off of the farm, I saved everything I could, and took what ever schools the Military offered, I got my schooling by being in the Military and I stayed in the Military, it was a pay check at the end of every month, and 10% of that went into savings, I didn't get married till I was 27, and I spent a lot of years living in the Barracks to save. I gave up smoking when cigarettes went to .30 cents a pack because they were to expensive, that is how you get opportunity, schooling any way you can, save everything you can, any job you can, and the Military always pays at the end of the month, or is that to hard for you tender little ass, its called Just Do IT.

The military is still a way up, and it will get you your education, and job skills, now how bad do you want to get out of poverty, and be your own man?

 

[Buffalo Roam]

i know my grand parents on my mom side are immigrents from canada. grandad worked his ass of and no is fairly well of but even if you search for some people oppurtunity just doesn't knock.

My son listened to me, he is 29 years old, and he has $100,000 in savings and investments, if he continues to follow what I showed him he will be a millionaire when he retires, he started in the Military, came out started as a delivery van driver, $ 5.50 a hour, he went to a factory as a skidsteer loader, 12 years ago, he now is driving Tractor Trailer for that company and making $50,000 a year, now why can't your friends do that? because they are waiting for a big important job? lots of money to start? no it don't work that way for most, you start anywhere you can, at what ever they pay, and you do what ever is required, and driving the road isn't a bad way to make a living, start with small package, get some experience, move up, small steps, but it works.

 

[pjdude1219]

My son listened to me, he is 29 years old, and he has $100,000 in savings and investments, if he continues to follow what I showed him he will be a millionaire when he retires, he started in the Military, came out started as a delivery van driver, $ 5.50 a hour, he went to a factory as a skidsteer loader, 12 years ago, he now is driving Tractor Trailer for that company and making $50,000 a year, now why can't your friends do that? because they are waiting for a big important job? lots of money to start? no it don't work that way for most, you start anywhere you can, at what ever they pay, and you do what ever is required, and driving the road isn't a bad way to make a living, start with small package, get some experience, move up, small steps, but it works.

my problem with sandy's comment was not that you need to work hard to get out of poverty it was her rejection that being born into a wealthy or well connected family wouldn't make it easier. the reason my friends cannot is because they are trying to pay their way through college. and that even with in state tuition and a public university is still quite a bit of cash. also being a millionaire isn't what its all cracked up to be my grand parents on my mom's side are worth a few mill. they make money be renting of pieces of their 100 acre farm. but they mad most of their money in a time when it was a lot easier to move up econmically in the world.