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I am back in LA for a short period time. Last year I had a discussion with IR about the economy and stock market. At that time, I said a big correction will happen in the beginning of this year, but everything should be fine by the second half. I think that is unlikely to happen now. At that...

After last week's sell off, I think the next two weeks will be quite interesting. As IR probably recall, I said earlier last month that I believed the bull market would come back some time the end of this year. I am now moved away from that position. My recent trip has shown mr just how much...

Since my new job will not allow me to watch over my stock investment like my current job, I am looking for some easier and more automated ways of managing my investment. Ultra ETF(both sp500 and naq) sounds like a pretty good idea. I have watched their performance over the past 1 year and they...

As many of you know I will move overseas soon, so I invested a great deal of my time investigating my future tax liability to the US government. It appears that US government wants a percentage of my money no matter where I am. There is really no way around it (not legally of course). This...

After much thought, I finally decided to accept an offer from a company in Europe/Asia. I will be spending half of my time in Paris, and the other half in Asia (mostly Shanghai/Taipei). So in a month or so, I will be leaving US. My wife got a job near Paris in La Defence and we are getting a...

netbank is no more. I guess the market already priced in this kind of things, a 2.5B bank went under, no reaction at all from the general market, strange indeed.

Today I discussed the state of CA real estate with a couple of my trader friends during a nice afternoon coffee break. It suddenly dawned on me that real estate is a lot like option trade. Option can expire, and so can real estate, especially when it is financed by 100% interest only loan...

<p>Some information regarding global pay for a electrical engineer educated in US with a PhD, no work experience. This information is collected by myself based on the salary offered to some of my friends and me. Salary is based on USD using the most recent available currency exchange...

I am just wondering if anyone know why would some rich people from Taiwan/Korea/China would want to live in Irvine. For one thing, in order to stay in US, one needs to have some kind of long term visa. There is no way to open a bank account on a short term visa. As far as I know, the most...

Just came back from a trip and parked my car at FJ mercedes for the last three days (Free parking and shuttle service to JW airport). It was really empty when I arrived at FJ around 10am. I drove my car directly into the service area. Just a year ago it was quite packed with long lines of...

CNN just reported Bush will try to suspend debt-forgiveness tax. I guess a lot of people will walk now. Too bad I did not do a 110% financing... Banks will probably get hit pretty hard . This move will probably accelerate the price drop instead of helping it, IMHO.

I was told by a friend that CW has a debt obligation topping 200b. If that is true, then the 2B BofA injected into CW this week probably won't go too far if the default rate increases beyond the current level

<p>After watching this blog for a while, I can honestly say that I have a fairly clear picture of what any given RE SHOULD be priced at, and therefore I think in 3 to 5 years or so, RE in S CA will become attractive again ( I believe after 40 to 60 percent correction in price). On the other...

<p>What kind of impact do you guys think the hedge fund problem will have on the current OC real estate market, and more importantly, how much it will impact LA market. The speed of this downturn is very surprising to me. Oversea real estate markets tend to either stay over-valued forever...