July 13, 2010

Good Morning:

U.S. Deflation, U.S. Rich Walk Away

U.S. Deflation

An article by Nobel Prize winner Paul Krugman titled ' This reports relies on information complied for The New York Times by and,

· having net assets over $1 million (22%), over $5 million (45%), over $25 million (25%), and over $100 million (8%).

Irrespective of what one concludes the meaning of 'rich in America' to be, based on the foregoing a 'good number' seems to me to be at or north of U.S.$5 million, including residential real estate. Consider focusing on that U.S.$5 million number or your own definition of rich as you read my commentary on a second article titled ' I commented on this second article as follows:

Whatever happened to the underlying (and I think very important) value system fundamental of meeting one's obligations - financial or otherwise - irrespective of the difficulty one might face in doing such a thing.

It seems to me that a society based on a value system that it is OK to simply walk away from one's financial or other obligations because 'one can' isn't one to be trusted with much of anything - and isn't likely to prospectively do well.

In my experience many Americans hang their hats on the U.S. Constitution and spend time debating 'the meaning, intent, and values of the Founding Fathers'. I for one doubt the 'Founding Fathers' would have thought much of people who walk from their financial or other obligations and responsibilities in circumstances where they could satisfy them (albeit with some personal sacrifice) if they are able to.

I consider one's underlying value system and the trust or lack thereof that results from that to be of paramount importance. It seems to me that if there are 'core faults' in a societal value system, that system de facto will become 'less and less trusted' over time. I consider this highly relevant to one's thinking as to the best places in which to hold accumulated personal capital. Differing views will be appreciated at info@stockresearchportal.com.

Post-Script: As I write this mid-day Sunday, my 'article comment' is generating a number of 'thumbs-ups', and has generated only one 'thumbs-down'. At the same time other people (I think likely Americans) are picking up on my comment and offering up similar comments on societal values.