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Yeah, props to Talbott for that well thought out & mostly dead-on book. He alerted me to the mortgage insurers short trade which was absolutely my best trade of '07 (i think). Far OTM puts on specific stocks is something that usually is a sure-fire way to lose but was truly spectacular as...

And once its dead and gone the forensic accounting experts will have an even harder time. Conduit accompli

I sometimes do something similar when I want to enter a short to medium term position and am unsure about entry position and expected near term volatility which may cause me to prematurely stop out. So I play a long option (or more probably an option spread). Helps me manage my risk better. I...

Concur.:D

Past performance is not a guarantee of future results.

No question that economics is a larger set of topography than the markets. However, being that my personal net worth is somewhere south of nine figures USD (the point at which you're really set in my book), I am not able to become a man of letters at this time and ponder the imponderables. I...

I love St. Aquinas, one of my personal favorites (along with More, Plato, and Machiavelli). In the vernacular, he's 'da bomb.' I had not really considered austrian economics as an outgrowth of that. May have to go back and do a little more reading - its been a long time since college...

That video is a great share, thanks.

Jeez. I mean how far do you need to go to increase: 1. Durable goods orders 2. Manufacturing hours worked And reduce inventories so that the statistics look favorable. Let's push this bull market out 9 months, huh? I am astounded and absolutely amazed. We are all so screwed.

Inductive logic is the method of thinking which was used for most of the pre-enlightenment era. Much of this came from the catholic church dominated society, where thinkers were either educated by, or employed by, the church. As church dogma required the bible to the source of all wisdom, this...

Concur, but think: A) Because of active intervention, these rebound cycles will continue and drag things out longer than all of us collectively expect. B) 'Intelligent' Investor class is not necessarily intelligent - its the lucky survivors who weather the storm and avoid the asset busts...

Wow. I like grew up with that bull. Weird.

This is the endgame for those at the top. Its a mad scramble to get that last dollop of richesse and what's left before public outrage translates into heavy-handed intervention, regulation, and controls which made the financial industry a backwater for the next 20 years. Will it happen...

One blogger has written about china shifting out of agencies over the last few years into predominantly short term treasuries but also a few long term ones too. You might want to check that webadress though & erase cookies b4 you go if you are a tinfoil type. http://blogs.cfr.org/setser/

I've posted on this topic before: http://www.elitetrader.com/vb/showthread.php?s=&postid=2487610#post2487610 No money available to buy stocks = no upside. Mom and Pop are going to take every opportunity to flatten out their 401k's on retracements that they can. In fact, I wonder what...

Au Contraire, Mon Frere! I couldn't believe this coming across my RSS feed. Credit card companies tracking you (like google) and where you shop and cutting credit lines/jacking up interest rates because you don't shop at a high priced retailer? Not only is it flawed reasoning by the credit...

I doubt anyone in charge would be too eager to do that. Might be too attractive as a way to renounce citizenship & get around the 10 year IRS income rule. :p

ming , thanks for the chronicle. those going to med school might be in for a rude surprise - MD friends of mine are feeling the squeeze & are seeing their incomes cut by about 20 %. GW med school is around $55k just for tuition & figure you'll need an extra 25k for living expenses annually...

Daal, that's a really good & important point. While right now the US birth rate is about at its replacement rate, further economic pain will undoubtedly push the birthrate lower as parents ration scarce resources into fewer children. And forget about assimilation of illegals - boatloads have...