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  1. J

    Language for automated trading system

    Concurrent programming is not a panacea, in fact, it's damned hard to get completely right. The trouble isn't with the code or the language, it's the data. There are plenty of examples of spectacular, even deadly, failures in concurrent systems due to race conditions, deadlocks or lack of...
  2. J

    It's the ratings agencies, stupid!

    If the brokers, lenders, banks were "just doing their job" then why did they give loans to people who were clearly unqualified? And, don't give me any crap about these people lying on their loan applications. There were far too many NINJA and no-doc loans written for me to accept that these...
  3. J

    Michael Lewis Article on Public Pensions

    My issue is with what I quoted you on. You stated that companies dropped their defined benefit plans because it would bankrupt them and that's not the case. If 401k plans were not created private companies would still have their defined benefit plans and they wouldn't be going bankrupt...
  4. J

    Michael Lewis Article on Public Pensions

    Sounds good but, you're wrong. The only reason companies started to drop their defined benefit plans is because a 401K plan is cheaper for them, much cheaper. Second, check into the PBGC, which takes over defined benefit plans that were terminated due to plan insolvency or corporate...
  5. J

    Steve Jobs just died

    A $TN marketcap? Right... As for the rest of your post; disjointed nonsense. NeXT was a failure, no matter how you choose to cut it. It started out as a computer company and subsequently halted hardware manufacture before being acquired by Apple. Also, the final number was much...
  6. J

    Steve Jobs just died

    Actually, he didn't leave, he was fired. He came back to Apple when they bought the remains of his failed NeXT computer company, the core of which went on to become what we know today as OS X. Personally, the world is poorer now with him gone. But, let's be real, he was mostly a marketer...
  7. J

    Steve Jobs just died

    Jobs had nothing to do with Visicalc, Dan Bricklin did. It also may have come out first on the Apple II, but it was also available for the Commodore, Atari, TRS-80 and the PC very shortly afterwards. It definately was the first killer application though.
  8. J

    Steve Jobs just died

    It was, no doubt, successful. However, Jobs had nothing to do with inventing it. The design was entirely Steve Wozniak's baby. BTW, the history of the personal computer goes back to before Jobs was even born: http://www.blinkenlights.com/pc.shtml
  9. J

    Occupy Wall Street

    Saying that Wall Street produces "shit" one post after you stated that Wall Street is the reason this country is great is no way to win an argument. Unless, of course, you count it as a "win" when someone ignores you for being a complete fool...
  10. J

    Occupy Wall Street

    As soon as you show me legislation that required Wall Street to securitize subprime mortgages and required them to use leverage in excess of 30:1 and required them to write naked CDS's with a notional value 100x the underlying... ...show me that and then I'll agree it wasn't Wall Street's fault.
  11. J

    The problem with trying to legislate a free market

    If we ever get to the point where all banks charge us to use our money, then I'd agree. But, for now anyway, there are alternatives. Get a good credit card that gives you something back for making purchases, but you have to have the discipline to pay it in full each month. Only use your...
  12. J

    GOLD AT 5,000??? Bubble or super depression.

    If gold was money you'd earn interest instead of having to pay to store it. The reality is that it's worse than money because it's still worth less in inflation adjusted terms than it was when in peaked in 1980:
  13. J

    AAPL iphone 4s

    That's only because the market hasn't grasped the obvious yet. Apple is repositioning the iPhone as a mini iPad along the lines of the Atrix and ASUS Padphone. Only, they'll get it right, again...
  14. J

    The problem with trying to legislate a free market

    The only problem with your argument is that this "source of revenue" was bogus from the start. Government fucked up by not forcing banks to rebundle their services back into our checking and savings accounts the way it used to be. Fully burden my account up front and tell me how much it will...
  15. J

    Reading material recommendations...

    Functional programming is just one of many "styles," or more correctly, "paradigms." But, none of them are better than another, they each have strengths and weaknesses. We've yet to reach a universal language that's suitable for every problem You can start here...
  16. J

    Covered calls. How are they risky?

    Do you think it's a good idea to write a covered call against a growth stock during a screaming bull market? Do you think it make sense to write a covered call against a biotech stock that's waiting NDA approval after a wildly successful phase III trial? The answer for both should be...
  17. J

    The Federal Reserve is Criminal Syndicate, a private Criminal Syndicate

    It would help if you had your facts correct first. From the web site of the Federal Reserve Bank of Richmond : Membership Application Any state-chartered bank may become a member of the Federal Reserve System. The 12 regional Reserve Banks supervise state member banks as part of the...
  18. J

    Language for automated trading system

    Only an incompetent would recommend a non-portable, dead language over one that was just revved with what may be its most substantial revision yet. C++ is already one of the most popular multi-platform languages available, C++11 guarantees that it will remain that way for well into the future.
  19. J

    Which Presidential candidate is better for the economy if elected?

    E) None of the above. Any candidate who is a member of either national party cannot govern effectively. Their hands are tied by those who funded their campaign.
  20. J

    Another Reason Not To Hire

    This tax increase is no different than any other. The employees ultimately foot the bill by getting a lower annual raise or starting salary.
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