Thursday, November 11, 2010

Beat the Press

Beat the Press: "According to the Fed's own projections, the collapse of this bubble is likely to lead to more than $4 trillion in lost economic output, more than $13,000 for every person in the United States."

So, on top of:
having to wait another decade to recover my once and future home equity, and
being paid less, in real terms, than I was 15 years ago, and
expecting to ave to work until I'm 70, and
that I have limited job opportunities and flat salary expectations for the next 2 ~ 5 years,
... now I have a $13,000 loss to shoulder?

Do I get a tax write-off for it, at least?

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