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Warren Buffet is absolutely correct in this article. Short term, the world can handle this enormous amount of treasuries being shoveled into the system. But if nothing is done by the end of 2010, the '70's will be a cakewalk compared to what would come.

OPEC has oil pinned at 70-75 per barrel. Everytime it falls below 70, they cut shipments just enough to keep inventories from overflowing. If you've been watching the inventory reports every week, you can see when there's a big surplus, the next will we will see a drawdown, as they adjust...

What a douchebag.

I'm not with IB and I have never been. I'm pointing out the obvious, since 80% of posts about IB are about some data issue or transactional issue.

Time to switch brokers. I can't believe anyone trades with IB.

Yes it does. By inflating the underlying prices of consumer assets, it increases their paper wealth. Even if it's a bubble, it still gives consumers more discretionary wealth. Just as we have seen the opposite effect of debt deflation in the last 2 years. Consumer assets have fallen due to a...

This is very good news for the US economy. If we can get consumer finance restarted, we will quickly see a resumption of rising household wealth. Last week, China announced that they are looking for diversified investments for their banks outside of the Chinese equity markets. This is the...

The current growth policy of the US government is built on increasing debt, and a slow, steady currency devaluation. If the value of the currency appreciates, that debt gets more expensive relative to other currencies and assets. So, a strong dollar creates problems for debt servicing...

This has been massively offset by the unprecedented monetary expansion from China's banking system in the past 6 months. China is not in need of capital, but in need of quality investments to diversify from their dollar holdings. They have enough capital to supply the rest of the world.

It stems from the high spending in washington which is resulting in a weak dollar policy at the fed, creating massive inflation. Under Bush, it was the war machine that doubled the national debt from 5 trillion to 10 trillion, now under Obama, it's a liberal spending spree on all the democrats'...

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It's because most of the dealers have been using the program to unload their used car inventory, which is against the program's design. That's why the program ran out of money in 7 days. These dealers are fraudulently scrapping their older inventory and buying their own new cars through a...

Come on, this is a lowly judge. What's really going on is, that Canadian company wants to settle with Microsoft for a very large undisclosed amount outside of court.

The PE is only 18.65. This is just a hyperbolic post.

The treasury purchases actually made rates higher than normal due to inflation expectations. If you've noticed this week alone, since the fed announced it is winding down the program, treasury yields have come way down and the 30 year mortgage is back down around 5%. It did push some of the...

Bullshit. Someone is smoking too much hash.

I am a fan of Yardeni and have been a subscriber to his research for years, but, he is a trend follower. He didn't see last year's meltdown coming, just as sure as he doesn't see this year's false rally. I've noticed that a lot of advisers are on the bandwagon for a melt up to 1200 s&p. The...

I used RJO futures through Tradestation for a while. It was the same platform that you are talking about, my account was just managed through Tradestation, easier for transferring funds. I liked the platform and it seemed pretty stable. Their data was always lagging other provider's I had, so I...

Since you have traded so long, why do you use a pay for service for your trade signals?

Short Autozone now. AZO. Thank me later.