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It's funny, most urban dwellers would say that imposing restrictions on things like if two dudes in NYC can get married or I can smoke a joint in my house is an "unwillingness to just live and let live.", so it all depends on where you sit. I think the religious right fundamentalists and their...

Completely anecdotal, but I'm guessing far more people just give up rather than trade ES. Even the comments here point in that direction, the vast majority of folks just aren't comfortable with the concept of futures themselves, with the minimum size an extra deterrent.

I lived in the Bay Area as a mid-grade officer in the military. I've subsequently retired and am on my second startup. The take-home in those two professions is....mildly different to put it lightly. And again, if you've started a rapidly growing business you know one usually prefers to...

As described, you generally just try to either get them to leave on their own by making it expensive to do the thing they're doing that costs you profits. The benefit of that approach is that if they're stubborn you're fine with them staying because you increased the revenue from them to cover...

The happy problem (From the U.S. perspective) is that those producers and the EU have disparate enough interests that it's difficult to get them to agree on what the alternative should be, even if they do all want an alternative. I'm sure Venezuela wants it to be their cryptocurrency "the...

Like Wisconsin is a big winner paying $350K/job of taxpayer money to Foxconn to get them to build a factory (https://www.wsj.com/articles/as-foxconn-breaks-ground-in-wisconsin-the-costs-to-taxpayers-go-up-1530091800) It's like cities lining up with knee pads to get a professional sports team by...

No, as I mentioned they actually taught us how to fire an entire class of unprofitable customers in business school. It's a thing in the business world for sure, and I'm sure the all those brokers had folks that came from the same background and probably read the same case since the HBS cases...

The stuff that goes straight through doesn't worry me nearly as much as the stuff that takes a few pieces of my liver with it!

That makes no sense. If you don't want those kind of customers you don't want those kind of customers, it matters not at all to you if your competitors take them if you don't want them. In fact, it would please you if your competitors took them because they they'd be weighed down by them, if...

Taking economics lessons from a real estate agent seem....fraught? There certainly isn't a trend in Silicon Valley of established tech firms moving to Miami or CEO's of tech firms bizarrely working remotely from Miami. No doubt a few folks sold their companies and moved and there may be a few...

This has been going on for as long as the dollar has been the dominant currency for pricing oil. There are a variety of structural reasons as well as pure inertia that mean this is a quixotic quest, even more so if you're the EU which doesn't have much power to do anything in oil markets given...

The problem with this "logic" is that brokers have always been able to place limits on minimum account sizes, and adjust commissions and minimum margin requirements as they see fit. If they wanted to fire or prevent small accounts, occams razor you just either don't allow them at your brokerage...

As already pointed out, this is a common strategy. Just be aware that if your "different maturity date" of the long call is before the expiration of the short call it becomes a naked write when the long expires and your margin adjusts accordingly.

Dude, WTF is your point? As best I can tell, it's to simply disagree with every point I make, even when my point is to say that I agree with you! My point is that infrastructure heavy which by necessity turn into tax heavy economies work well for places without a large extractive or other...

I believe you, glad I've never had to live that dream!

Well this just epitomizes this entire conversation! CA's property tax is the result of a state constitutional amendment resulting from Prop 13 pushed by anti-tax Republicans back when they had power in CA. It's one of the reasons they don't have power any more, that and the whole anti-brown skin...

Of course I haven't tried it, as I mentioned it against the law and I have no reason to put myself in legal jeopardy in order to test it out because I deal with reputable U.S. based brokers!

Mainly TDWaterhouse at the moment but only because of the somewhat unique way they price SPX options commission and the fact I'm trading mostly those these days. Not necessarily the best broker if you're doing anything else, but it is refreshing after IB to get an intelligent person with...

Note I didn't say you will have a hard time finding a person, just finding a person with more than a double digit IQ. I can tell you at least one "specific account manager" missed that mark by at least a standard deviation.

The Kansas Experiment epitomizes this entire discussion. Not knowing about it certainly isn't criminal, however if you want to believe you can engage in a serious discussion about macro, not knowing that one of the most interesting and directly relevant topics in macro from recent times even...