I always ask myself, if the US sucks so much, and we're all right-wing nuts with no left-side of the spectrum (blah, blah), how come y'all living here?
Just why not move to Venezuela and have a lot of fun
I don't know all the details but the Fed will loan up to $30B with MBSs as collateral (which they would normally never ever accept).
A decent percentage of these MBSs will be worth zero and the Fed will loose
It's little risk to JPMC and a decent chunk to taxpayers.
In general, everything is 2x price of US, and salaries are not commensurate with this difference
So less purchasing power. Of course this is purely my own anecdotal experience
McDonalds or Starbucks prices comparisons don't tell the whole story (it's kind of like measuring inflation by using...
Well, I lived in London for 4 years and I don't miss the high cost of living
USA (go USA!) is by far the best country to live in, if you are a consumer.
All taxes (income, real state, capital gain) are close to nil compare to UK.
Of course, I can think of a million things better in London than...