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Monday, 06/11/2012 8:02:58 PM

Monday, June 11, 2012 8:02:58 PM

Post# of 76351
Simple Profit: Making money by "SELL": Most of financial and economic analysis reports are misleading. For example the following article only focuses on the "Loss" which is inappropriate to state "US Wealth" fell 38.8% as some have made the huge profit from downside of the housing sector. Markets are never one sided whether it is up or down market. There is always other sides of the trades.

1. Shorts make money,
2. Out of market make money as markets go down, and buy back cheap.

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John Paulson Buys Saudi Prince’s $49 Million Aspen Palace
http://www.cnbc.com/id/47682175

~~~

The average American family lost 38.8 percent of its wealth from 2007 to 2010, with the biggest losses concentrated among households with the most assets tied to their homes, a Federal Reserve study shows.

Median net worth declined to $77,300 in 2010, an 18-year low, from $126,400 in 2007, the central bank said in its Survey of Consumer Finances. Mean net worth fell 14.7 percent to a nine-year low of $498,800 from $584,600, the central bank said today in Washington.

http://www.bloomberg.com/news/2012-06-11/fed-says-family-wealth-plunged-38-8-in-2007-2010-on-home-values.html

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