Credibly promising to be irresponsible...since 2004!
Well, median income has been flat for 10 years, and ex post income mobility is way down recently. If the "American dream" requires that one's income substantially increase, it would seem that fewer are living that dream.
Perhaps the whole article was an excuse to advertise Axel Jakobeit's real estate business -- see the sign in the 4th photo -- http://www.immobilienfl.de/ ?? on a sign in Florida?
If I had invested in the stock market of Chile 10 years ago, I'd be rich today. The same could be said of Hong Kong real estate during the last couple of years. A socialist country like the United States no longer offers as many opportunities to prosper as it once did.All great powers wither. Spain and Britain still exist, but are no longer very important.
Sensationalist, content-free drivel. The US isn't the only place going through a tough spot, and it's certainly not the only place to have seen unfilled housing developments and over-speculation; you can find examples all over Asia. I blame this on the German press' proclivity to point to an ethnic determinant for different elements of the current crisis - look at what they've said about Greece - in this case DS pointing to some vague, somehow destructive "American-ness" ("Americans aren't careful."?!) rather than make an astute observation of a distinct element of the problem. Terrible journalism.
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