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didn't stoney blow up? Nice guy but his calls were never ones I would follow.

Actually, the 'free rider' paradigm is probably the number one maintainer of our reserve currency status. Lets us print and extract the seignorage that has benefitted our population with an increasing standard of living (in nominal terms) over time. Make those folks pay for their own defense...

good post - regardless of how you feel about it.

Don't be so cavalier about the broad brush - lest you fall under its stroke.

On that note, maybe it was the state sanctioned rejection of intellectual property constraints, wages 50x lower than developed countries, free prison/slave labor, and complete disregard for product safety rivaling a drug dealer's cutting his product with insecticide (fake medications, chinese...

Money isn't 'cheap' with interest rates at zero if you don't have any possibility of repayment of the amout borrowed due to unemployment and wage deflation. End of story.

z-boy Our views are identical. Waiting for the push to 1150 to put on short options positions (1100-1000 spread, etc...) Have been watching the divergence in gold and miners with interest. Either miners are very undervalued, or... one way or another it will come back in line.

I'm glad I was not the only person who saw this and saw the end of American civilization as we know it. So, what happens when these folks are renting and the housing market tics up. Are they then thrown out of their homes with a month's notice? Or do they just get to stay there renting...

Yup. Been there done that. Important to immediately close it out and take the loss, breathe, and move on. Unless you did that 600,000 for 6 trade. That I might try to trade out of. Your toast either way, so might as well show your stuff and heroically trade back to flat. What do you...

Better hope it doesn't happen here or you can kiss growth goodbye. Third world? Makes sense. First world? What benefit?

maybe I am misinformed on the subject but india's CB is not that high on the invite list in Basel. do you really think these guys are going to be buying at the bottom or at the top? just a contrary opinion.

Maybe it says more about the artificially high costs of raising children being likely to push people into poverty. Think you have a choice? Don't buy that car seat and find yourself in volation of some statute, and possibly at risk of child abuse. No wonder the replacement rate in...

Concur, and think a lot of the US - China relationship is based upon mutual support and aid. Until someone blinks. China doesn't really want our USD. They want industrial equiptment, apartment buildings, and consumer goods. They'll make it for us and then for themselves. As long as...

God help the black boxer in this market. Discretionary trading is the way I'm going it here for me. And I was always a solid systems guy. If you learn how to trade in good times, you'll get left behind when the market turns. Learn how to trade in bad times (and keep your skin) and...

I vote 19 for JPM because that's where I sold it last time. :sigh: I'm pretty good at picking tops and bottoms. I just may not be the right way at those tops and bottoms...

Yeah, but while you are waiting for the RSI to fall the stock goes up another $100, and the RSI either stays flat or goes up a point. A quick glance at the 14 d RSI yields only 84. That's not exactly sky high - 15 points to 99, you know. Did anyone with beacoup cash think that kindle 2...

Wow.

Lib - Disagree with you on Japan analogy - Japan is: 1. Demographically more aged that US 2. Xenophobic (no immigration to mitigate low birth rate) 3. Lower birth rate than US 4. >10 years along into deflationary scenario / ZIRP policy than US 5. Yen not "reserve" currency...

BSE Sensex looks like it hit a recent intermediate term high at 17.5k yesterday. One day of retracement, but price still above all moving averages. Did you look at a long enough timeframe on your underlying? Don't know where you get the double top from.

Actually, in nominal terms there is really no limit to how high it can go. BUT - there has to be a corresponding increase in all nominal inputs to obtain stability in real values (following this?) So, the fly in the ointment has been stagnant wages. No wage hikes, no opportunity to...