Recent content by mosey

If Belgium and Slovakia nix this then its gone - lets hope so. I guess we'll know in May? Seems the idea is to harmonize this world-wide so that big brother shoves it down all our throats. I still fail to see what the retail trader in the futures market does to contribute to the efficiency of...

I've called a couple of brokers to see what their take is on the FTT. Oddly enough no one knows about it. You would think they would all be fully aware of this and writing their reps. They don't even know whats going on in Europe.......

What about this article - apparantly Defazio spoke with Lew and he is not as opposed to the FTT as Gaithner was... http://www.thenation.com/blog/173134/financial-transactions-tax-introduced-again-can-it-pass-time#

I'm trying to figure what the tax would be in the S&P e-mini, one contract if the FTT were passed. If the S&P were at 1500, than the notional value of the contract is $75,000. So that means the tax, if it were .01 percent would be $7.50 per contract and 15.00 for round trip? That would...

Its going to happen - we no longer life in a free country or world. The bastards will get what they want eventually. It may be stalled, but it will happen. Sad but true in my opinion. Defazio has been hammering at this for years.