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You have to understand the context... Dostoyevsky was writing during the time when Russia was going through some turbulent times. It was natural for him to juxtapose the his understanding of the world to that of the "nihilists". This theme is even more stark in other Russian literature of the...

A nice theory, but the devil's in the details, as usual...

+1 And it ain't borderline.

Start Excel on that machine and use the Bloomberg Add-In toolbar to import data. It's pretty self-explanatory (there's a big "Import Data" button) and the wizard will walk you through it.

As I said, if you include all the assets in the equation, it all adds up. It has to, by definition. The whole system has a balance sheet, so if assets were destroyed, a liability (shareholder equity) has to decrease.

Trading is a zero sum game, assuming that your sum is the totality of assets (incl intangible). An economy isn't a zero sum game, given there's productivity advances (TFP), population growth, etc.

This video is pure unadulterated idiocy... If you wanna read a good story about education, read this: http://www.businessweek.com/magazine/content/11_22/b4230072816925.htm

To me, "gifted" and "talented" in a trading context doesn't actually refer to the person's mental acuity, quantitative skills or anything like that. It's just that certain people are blessed with a temperament that makes them innately suitable for the job. Doesn't mean that they're the only...

It's all a matter of judgement. Ultimately, you have to hope that the people you have elected and appointed ARE the good and the bright (if not the best and the brightest) and that they'll make the right decisions, when the sh1t hits the fan (and for the Eurozone that's occurring as we speak).

I don't have a view... The answer depends on the goal you're trying to achieve.

Deep, v v deep

Omigod, does that mean that the free mkt doesn't work? There's empty buildings (supply) and you say there's people who want to live in them (demand). What the heck is goin' on?

We'll have to see... It's a very interesting dynamic. Well, I think at the moment there's a definite split from what I can tell, so that's what I am referring to. I think the ECB will be forced to concede and will do as they're told, just like they did previously with the peripheral bond...

I thought the whole problem was that there was too much building/construction going on in the first place? Both in the US and in Dubai... Is the solution then to build more?

Well, funnily enough, it looks like your heroes at the ECB are the ones that have now dug in their heels. They won't contemplate an restructuring option of any sort and have wheeled out their "nucular" deterrent. Specifically, they have said that (Trichet, Wellink and Stark on the wires...

I don't care about the parties... I have never been able to tell the difference between 'em. Maybe weighing the votes by age (exponentially :)) would generally address the policies that are excessively pro "existing vested interests". Military spending is an example of this, potentially...

Well, how about an example? I think you could argue that the amount of US defense spending might be a function of the fact that the older voters a) overemphasize security because of their past experiences; b) don't particularly care about the costs, since they won't have to deal with the...

An interesting idea, actually... It's fairer in a way to give the younger generation's votes more weight, given that they will be the ones assuming the various future burdens (unfunded liabilities) and their taxes will be paying for it. On the other hand, you'd imagine older people should...

Nah, the "restructuring" or "reprofiling" (or whatever euphemism) talk isn't overhyped. There's def a lot of fear of another Lehman, but the fear of a wave of popular displeasure is also there.

Well, they're mandated to pay many things... However, promising to pay is one thing, while actually not paying is another. Well, that was my impression of the majority view here on ET.