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While the Fed is one of the most profitable operations on this ball of mud its profit (over $80BN last year) is not shared among member banks. Over 97% of it is required to be given to the US Treasury every year. That profit, BTW, is 75% the result of interest on treasury bonds. The Fed...

Most debt incurred by Congress is not the Fed's doing. But, the excessively low interest rates during Greenspan's tenure ultimately led to the 2008 financial meltdown and Congress piled on shitloads of debt to stabilize things. So, the Fed does have to shoulder some of the blame for where we...

How the hell can you post a link and still not know the diference? The government debt that the Fed monetizes has nothing to do with fixed fractional banking.

If the Fed is a private operation then why does it give over 97% (over $79BN in 2010) of it's annual profit every year to the US Treasury? The Fed does not print money at interest. It earns interest, set by the Treasury, on the bonds it holds, about $1.7TN or 2/3 of it's total assets. The...

I'd say the lack of patience, discipline and capital are probably near the top of the list.

What a crock of shit. The government began expanding right after the New Deal and really took off after WWII, especially once the Cold War kicked-in. None of the politicians behind that expansion were boomers, they were the parents of boomers. Things got much worse when that unboomer...

Tool??? Cut the crap and man-up, weasel. By posting it verbatim without a closing comment you've endorsed what he wrote.

"if you are trading price and price alone and use these tools" Why the need for tool(s) if you're trading price alone? "if the specific chart setting you are on allows accuracy and precision for the tools you use" "Specific" is just another way of saying "curve fitting." I'd...

BFD. I know a retired couple on the east end of Long Island who were running a B&B out of their house just to pay the property taxes on their paid-off home. Between taxes, inflation, health care and having some disposable income to actually do something during retirement a reverse mortgage...

They're right not to consider them "legitimate universities." You can start here. After that, search on student loan default rates for these schools. http://en.wikipedia.org/wiki/For-profit_school

What makes you think your parents' home(s) won't already be mortgaged to the hilt if not sold outright well before they're dead?

I agree that the lack of a snap to price is inefficient but, I disagree with you asserting that it's also inaccurate. What appears to be a valid trend line on an arithmetic daily chart is often the exact opposite when you change to a logarithmic weekly chart. Warts aside, I've yet to find...

Great, so now we have two data points. He's incompetent for penning that blog entry and you're a fool for not figuring that out before posting his drivel here.

Jim Simons, Renaissance Technologies.

Third point, first sentence -- full stop... I guess his research into algorithmic trading somehow managed to overlook Jim Simons and his track record with Renaissance Technologies.

All that and more, just pick the exchange you want and then click on "DOWNLOAD SYMBOL LIST" from here: http://www.eoddata.com/symbols.aspx

I forget where I read it but, in the early 80's close to 40% of the workforce had a pension. Today that number is around 15% due to companies freezing/dropping their plans and replacing them with 401k plans over the past 30 years. So, when the public sector employees find out their pension...

"Comfortable retirement?" The sad reality is that 6 out of 10 boomers are going to have to work right up to the day they drop dead because they have no retirement savings. Of course, someone such as yourself, who's blind with generational hatred is going to lay the blame for this at the...

Your rhetoric sounds good, but like a Twinkee, it's got no redeeming substance once one takes the time to look inside. That "massive, massive public debt" you're railing against has it's roots in a Republican president, a fossil, and decidedly unboomer the day he was inaugurated. In fact...

Super Typhoon Pamela On May 21 the typhoon crossed Guam with sustained winds of 140 mph (230 km/h). http://en.wikipedia.org/wiki/1976_Pacific_typhoon_season#Super_Typhoon_Pamela Hurricane Andrew In 2002, as part of an ongoing review of historical hurricane records, National Hurricane...