Recent content by skellington

You guys have it all wrong. You WANT to buy when interest rates are HIGH not when they are low. I know this seems counter-intuitive but house prices are based on the ability to pay. If you buy a 400K house at 6% with monthly payments of 3k (just picking numbers) and interest rates go to...

SKF actually made a pretty good move in the last couple of hours but you shouldn't expect it to track the DOW...since it doesn't. It seems that there is support around 117 so hopefully it won't break below that. In the long run I'm bullish for SKF but you have to have balls of steel to...

What's to stop the banks from rotating the loans indefinitely? They can pay the monthly interest as long as they can put the borrowed money to work immediately.

You're right and I'm not even new to this topic. I guess even after all the talk I hadn't realized that the give away is already at least a trillion and headed towards multiple trillions. These amounts are staggering and they impact the deflation vs. inflation argument (of course).

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXgyCIKKp6zQ&refer=home "Banks' borrowing at the rate climbed to a daily average of $13.9 billion in the week ended July 16 from $7.84 billion three months earlier." So currently banks are borrowing about $417 billion per month from the...

C++ (and C) are much faster than Java/c#/python/perl/etc. in any significant application. To say otherwise just shows a lack of experience. I've used them all in programs from 10k lines to 2 million+ lines. I've seen java take down otherwise good technical companies (application would not run...

Yeah...sounds like solid advice but still you haven't said what the risk is. Except for the currency value going the wrong way (which happens slowly) what risk is there? I'm not talking about gearing up through futures contracts, just plain vanilla exchange. So if AUD devalues 5% against...

That's true, but if IB (for example) through its partner banks suddenly paid 7% on USD and 1% on AUD I could just convert the money back (with the loss of the conversion cost). Of course this flip-flop would imply that the dollar is strengthening against AUD which would cause an exchange...

Yeah, it's all speculation but isn't that what we do here? :) But as you can tell I don't know enough about currency trading to just throw all my cash in. Timbo, do rate differentials flip quickly or do they tend to change slowly (over months or years)? I would expect them to move...

I agree that some commodities are over priced but I don't think that they are radically overpriced. For example, oil is probably a little overpriced, but I doubt that it ever goes below $100 again (especially against the USD). China (and the others) are growing at a rate that should keep heavy...

I'm curious about switching my USD to AUD and was wondering if anyone had any insight into the issue beyond what 'seems' to be obvious. (The conversion would likely go through IDEALPRO via IB and is not leveraged.) Obviously AUD offers a much better interest rate and I don't see the dollar...

For friends or chatting with guys 'investor' is plenty unless they want to know more. For women 'racecar driver' or 'brain surgeon' depending on the response you're looking for. Why would you feel the need to nerd out about boring computer stuff?

Yeah, the Republicans don't even attempt to hide the fact that they work day and night to maintain their power and wealth. The democrats have nobler intentions but are too dumb to realize that their efforts are destructive too. At the end of the day, the productive among us are the ones...