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A few side items here. One of the interesting aspects of our court system is that while a court can issue a judgement of restitution, our court system cannot actually ENFORCE that restitution. Perhaps someone with a legal background can comment on that. Also, the homestead protection law in...

If you put his name into you tube you will see all his motivational videos. The guy IS smooth as hell. He's really good.

That's a good question. I guess for one, the series is pretty new and this happened in the 1990's. I do think there was a CNBC special on him at one point as the movie "Boiler Room" was loosely based on Belfort.

Those qualities you mentioned DO describe Americans workers. More specifically "skilled and educated" workers. No where in our constitution or in the law of economics does it state that non skilled and non productive workers deserve high wages, job opportunities and good working conditions...

Regarding a country's standard a living. The standard most economists use measures the productivity per worker. Countries that have the highest productivity have the highest standard of living and are the most prosperous. This is pretty much a proven statistical fact that even Krugman agrees...

I found this on the internet. Using ACD to trade Chinese markets! http://www.scirp.org/journal/PaperInformation.aspx?PaperID=24829 Just click on the PDF to download the research.

Allow? It use to trade at 360. In fact, almost the entire history of the Yen it traded north of 150. This recent move sub 100 was an anomaly, an outlier. It never should have got this low. It's fair value is probably somewhere between 150 and 200 like the Pound. Therefore it can easily...

Luke, this is probably the best trading movie ever. Yes, it's about poker, but everything in the movie applies to trading and is probably the most quotable movie in the history of cinema since "Casablanca". This movie is about as good as it gets. I doubt the equal will be able to match it...

It's not. Again, we need to understand what's going on in the big picture here and it's why I beat this to a drum over and over again on here. The Yen for years has been a funding currency to risk. This means the counterparties are by default on the risk side of the equation. In other words...

Welcome to the thread trader31. Let's tackle the USD/JPY first. Yes, you are correct that if you are long Japanese stocks, you will get hurt somewhat by the yen depreciation. The volatility impact is far greater in stocks then in currency. The Nikkei is up over 50% YTD and the Yen is down...

If your goal is to gain a more perfect understanding of financial markets and risk then yes. If your trading consists entirely of clicking a mouse every time a fast moving avg crosses a slow one, then no. And obviously there is a lot of stuff in between. It's just easier to set the goal...

True, I'm not talking about central banks. I'm talking about hedge fund managers voicing their opinion simply to move their book. I think Bass knows what he is doing. And if you believe the data he presented, the Yen could go well beyond 200. Hell, what's stopping it from going to 500...

How on God's green earth is this guy getting away with not paying his restitution? http://online.barrons.com/article/SB50001424053111904399004579262403661936102.html?mod=googlenews_barrons#articleTabs_article%3D1 Good Film, Extremely Bad Wolf By FARRAN SMITH NEHME | MORE ARTICLES BY...

All I can offer you are my ACD levels. They work just as well around the holidays.

King, you can't "talk up" a currency the way one can "talk up" TSLA. :)

Personally I'm a huge fan. Trading back at parity now. :D

The Kyle Bass interview I posted above. It's part of the "new" book. Drobny is going to be releasing one interview per month for free on the web. This is the first one.

OK, here are some tidbits from the article. Bass thinks USD/JPY is going to 250 to 300 and Japanese rates to 20%! Come on people, read it! :)

Very few people know about that Volkswagen trade. A lesson in risk for sure. The particulars of that story are fascinating.

The issue is not whether vol is normalized to price but whether the trader doing the analysis understands that the two vols are different. Let's use a subscript to describe vol in TSLA. We have vol(40) which is TSLA vol at $40 a share and vol(200) which is TSLA vol at $200 a share. Yes of...