Recent content by 4thaugust1932

I believe in https://en.wikipedia.org/wiki/Parable_of_the_broken_window

the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants https://en.wikipedia.org/wiki/Greater_fool_theory

HFT makes money on https://en.wikipedia.org/wiki/Information_asymmetry https://en.wikipedia.org/wiki/Brad_Katsuyama

HFT = https://en.wikipedia.org/wiki/Front_running + https://en.wikipedia.org/wiki/Algorithmic_trading

China + Voting = America; Feudalism + Voting = India; https://en.wikipedia.org/wiki/Vote_selling https://en.wikipedia.org/wiki/Stockholm_syndrome In democracy it's your vote in elections that counts; In FEUDALISM it's your count that votes;

Religions are 2000 years old; Humans are 200,000 years old; http://en.wikipedia.org/wiki/Human http://en.wikipedia.org/wiki/Ancient_history

Map Shows Most Racist People On Earth; http://www.washingtonpost.com/blogs/worldviews/wp/2013/05/15/a-fascinating-map-of-the-worlds-most-and-least-racially-tolerant-countries/

Till https://en.m.wikipedia.org/wiki/Triffin_dilemma is resolved USA is exporting its inflation to rest of the world.

I think it's due to LOW https://en.m.wikipedia.org/wiki/Global_strategic_petroleum_reserves

Buffett's secretary Bosanek pays a tax rate of 35.8 percent of income, while Buffett pays a rate at 17.4 percent on profit. http://news.yahoo.com/warren-buffett-secretary-talk-taxes-221442297--abc-news.html You're paying Income tax on your salary, not savings. Tell Govt to impose tax on Company...

Cost of electricity by source. 1. Natural gas 2. Hydro 3. Coal 4. Nuclear 5. Solar 6. Wind https://en.m.wikipedia.org/wiki/Cost_of_electricity_by_source

USA can PRINT dollars to buy OPEC Oil. Rest have to EARN dollars to buy OPEC Oil. Since 1971 OPEC Oil is exclusively sold in US dollars. https://en.wikipedia.org/wiki/Petrocurrency#Currencies_used_to_trade_oil

Gandhi believed that sex for pleasure was sinful and that husband and wife should live together as brother and sister.

Only $1.29 trillion is in Cash. Everything else is debt in America. http://www.federalreserve.gov/faqs/currency_12773.htm

Every foreign account held by an Indian may not be illegal, the Centre said, adding that names cannot be disclosed unless there is prima facie evidence of wrongdoing. It also told the court that Switzerland has indicated willingness to provide information on black money in cases where probe has...