domo

Well, they are pretty good at it. I think these statist types well know it they were to run their vision of a free society as a business it would be about as financially viable as Northern Crock.

The problem is the government correct their mistakes by making others pay for it!

There is probably 3x the budget needed for education. California just went on a spending spree that would make an Arab oil sheik proud.

Gone is the old get on the property porn ladder theme, in comes "houses are a burden and expensive to maintain." This is the new psychology of the housing market. Looks like C4 and Beeney are on the button with this one.

Correction: Petrol prices have already soared.

This is state welfare by stealth!

Would have been more believable if it read " In Five British Workers Don't Fake A "sickie"" Poor suckers having to turn up for work.

Seriously though, if your single, low income, rent a room somewhere and half your housing costs (inc bills). Its possible then to earn sweet fa and have a lot of disposable income.

The reason Prechter expects this is because EW theory predicts a 5 wave move will retrace to the prior wave 4, so in his book he says the wave 4s he looks at is the 70s (dow 1000) and the 30s/depression (dow 400).

We could give ourselves all one billions each and we'd all be rich!

Fortunately the structure of logic does not alter depending on what qualifications one has. "Your wrong because I have a PHD" I don't think so.

Leftism works like this: if a statement feels good it must be true. Its always the fault of rich people Everyone should have access to [food/shelter/health care] Were destroying the planet and rich people are to blame Lets spend lots of money on nice shiney things We can grow the economy by spending lots of money. edit> Its like being a 12 year old kid and wanting to eat loads of fizzy drink pizza and chocolate but your evil capitalist parents won't let you!

If you consider 2006 as a model of fiscal austerity.

Sometimes yields can explode. Krugman and others have been quoting low rates as meaning government can borrow to infinity with no consequences, even though Greece went from nought to bankrupt in under 6 months.

Krugmans basic thesis is "the more money you borrow the more credit worthy you become", thank god he didn't run a bank!