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Two big differences. First, Canada's budget has been running a surplus for a long time, and that allows for a hell of a lot more flexibility in handling the legacy debt. The US is increasing its debt load, which comes with a loss of flexibility and control. Second, the Canadian budget does...

Given the details outed over the past few months about how much - ah - creativity was in this market the only reasonable answer is "who the fuck knows?". I do agree with you, by the way, that someone(s) will make a killing picking up the pieces. What is difficult to know is whether that...

Your math is not accounting for the fact that lower tranches absorb the losses of the higher tranches they're bundled with. It also misses that what is at issue here is not really the principal, it is the income stream generated off of that principal. At the relatively low interest rates...

Sigh. It appears the critics were right: all talk, no action.

What is this, a new thread? What happened to working night and day getting your 1% Solution up and running?

Dennis didn't - but his funds did. More than once.

Happens all the time. There are all manner of firms - large and small - that can provide the necessary...ah...machinations. Google is your friend.

Richard Denis' approach - back when he was successful - was very much like big-money period Livermore. His Turtles are a pretty damn good approximation of the basic rules Jesse laid out nearly 100 years ago (this is obviously seperate from the pool-running parts of his trading career, which are...

Some things more so than others. Relative to the traditional US method of funding public education, vouchers represent an *enormous* increase in distribution of wealth. Put another way: vouchers are a step in the direction of greater, not lesser, socialism.

Vouchers are an especially pure form of wealth distribution, as they equalize educational spending across economically disparate regions. Thanks for helping make the point.

Interestingly, the only way out of that trap is redistribution of wealth - from wealthy school districts to poor ones.

1001 Bay St, Toronto, appears to be an apartment building... http://www.downtownrealty.ca/BLDG/BAY-1001.html

Wouldn't 1% a day be worth taking some "sick" time for?

There is no middle class without the "government getting involved". True laissez-faire is indistinguishable from feudalism for 90% of the population.

Are you trading yet?

There in only sure path to knowledge - experience. I'm off to the sidelines until you go live with real money, real quotes. Watch out for Schroendinger's cat! Later.

The first problem is you don't actaully have a "sufficiently real simulation". Good luck! Looking forward to seeing the real trading.

You've been on ET far too long to still hold on to the fantasy that there are any secrets out there.

Nobody ever does. Good luck! And remember - gaps are where you find Schroedinger's cat!

Gaps are by definition instantaneous. There is no such thing as enough "fill speed" to compensate, by definition. The fact your model is "insensitive" should be a huge warning flag that you aren't correctly modeling reality. Always remember - you're on a well-trodden road.