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It's worldwide trend for some time now. Rich are getting richer and poor are getting poorer (and numerous)...It is a middle class now who are getting poor. It was not that visible because of all the loans and credit cards that were handed around easily. People did not (and still do not) realise that all they have is debt (not that real estate that is actually bank's property).
Real estate Babble did not burst here in Australia yet also but IMF just few days ago issued warning that it may easily happen soon.
When babble burst than truth is out that "emperor is naked"...Here we have dabble speed economy. Miners and banks are doing well everybody else struggles...
LEP I am waiting for your report...unfortunately I can tell you now Sarco is going to win.
Here in Australia pension age is 65 and they are going on 67 soon. They are even talking about 70. Incredible! Few days ago there was an accident in a factory and they say 75 old worker was hurt badly. 75...can you believe it? It is something that Australia should be ashamed of that 75 years old man has to work hard work in a factory (or any other for that matter).

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Tue Oct 12th, 2010 at 09:28:09 AM EST

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