| jianngum | Date: Saturday, 16.11.2013, 09:17 | Message # 1 |
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Sergeant
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| As mentioned earlier, between March of 2000 and March of 2003, it is estimated that millions of people lost $7 to $9 trillion in the market crash. Those losses do not include the loss of jobs and the emotional pain that such losses bring with them. Why did so many people lose so much money? While the reasons are many reasons such as a weakened economy, terrorists, corruption, bad analysis reports, fraud, market trends, and other oversights one little known underlying reason is because millions of people mistook a common industry sales pitch for sound financial education. Many always sent their check in, or did not sell . . . investing and holding on for the long term, even as the biggest stock market crash in history was crashing all around them. He has been the American editor of the British weekly The Spectator and senior editor at The New Republic. He has also been a visiting fellow at the University of California, Berkeley.
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SIEGEL: But even though the games are going to be in Italy in Turin, it doesn't appear that there's overwhelming interest in the. Less than a month to the Games, organizers have sold only about 60 percent of the available tickets, and most of those have gone to sponsors, sports federations and other official types. Part of the reason is that no big Italian star has emerged like Alberto Tomba from a few years ago. And the Italian sports fans care much more about soccer, which is in season right now. There have also been budget problems with the Games, a projected shortfall of about $100 million, and that's led to cuts in promotion and spending.
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