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Amazingly yes! In HK due to their traditions, they believe certain numbers are very auspicious so they go to auctions to receive the best license plates...it is bizarre but part of the culture.

We don't allow fair or free trade either...we simply preach it to countries that are not yet developed but once they become too competitive we promote "buy American" Maybe if American weren't crap (as in cars) or over-priced (as in many things) then we would buy it....

Here is investopedia's definition: 1. An economic cycle characterized by rapid expansion followed by a contraction. I believe buying 30 homes a year and now being foreclosed can comfortably be characterized by this definition...

I agree with you on leverage....but many people get sucked into 400:1 mostly simply because they only have $300. Brokers really shouldn't offer accounts for less than a few grand...people that have less than that in risk capital really should not be allowed to trade.

Yes, that is true but any intelligent person should understand that like with everything it takes time. Much of the anger you see on some other forums is always focused on the brokers. I'm not saying their angels (they're not) but many of the mistakes that traders make and blame on their brokers...