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Keep in mind during most of this period, the US had just been creating and expanding government (eg the New Deal / Social Security etc), and Europe had a small government. It wasn't until the last few decades where Europe has expanded government much faster. The US was representative of...

No, actually Germany and Japan fit in pretty nicely, especially when you do the measurement of intra-country time periods (as opposed to same time period, different countries). Germany and Japan had awesome growth in standard of living for the poor.. when their government was tiny. Now, they...

I did some research about 10 years ago (and every couple years do a recheck it for recency) and found that the more capitalistic an economy is, the higher long term standard of living growth rates for the poor. This is true empirically if you look both across various countries (even in poor...

Mike, I totally agree with you on SB. But LA County is another story, IMO. LA County has a huge population, and while it does have many wealthy people, it has millions of middle class people as well. I further would say just for many reasons the price rises make sense to some degree...

http://biz.yahoo.com/brn/050113/14983_1.html lol -Taric

I moved to Austin about 3 months ago. There is a group you can visit here: http://www.aaft.org/ I've been coming to the happy hour most Fridays, pretty fun. Last month's presentation was pretty good; I saw Keith the inventor of Aberration when he came to our group. Mostly he talked...

One other question, if you have a 25k deposit for trading with a prop firm, is it possible to lose more than that? Or are your losses limited to the 25k? (Assuming you are trading with some leverage say 1 million?) I'm just asking because if you were trading 1 million and you lose 30%, that...

Well, let's say I put in $25,000, that is one thing. But then let's say they give me $200,000 in buying power. And let's say I get good at this, so eventually they give me $10 million to trade with. I've only put in the initial $25,000. Somebody had to "lend" me the $10 million. Well, some...

Ok, thanks ktm. One other question, do you generally pay interest on your trading capital? Or is that included in the commissions? I'm just thinking whoever is lending the 1 million / trading capital would want income from that, just wondering where it comes from. Thanks, -Taric

Totally agree. The main reason is SS # has no true savings / investment, it is more like fire insurance where every year transfers go from one group to the other. Private savings and investment in contrast result in improved technology/productivity over time and some of that tremendous benefit...

Yeah-- I still don't understand the prop trading firm model-- trying to learn how it works though so far I've been leaning on the hedge fund / LLC path. Let me do the math: in a prop firm if they let you borrow 1 million for a $25k deposit, then isn't your initial maximum loss just 2.5% of...

One question-- to protect again reverse engineering, can you hide your trades from your clients and just have TS report to them their equity curve / daily account balances? Thanks, -Taric

Correction: I think China is a larger trading partner than Japan now. But during the 90s, Japan was a much larger trading partner than China. They still have the 2nd largest GDP I believe. As long as China remains in free-trade mode I don't see it killing us though. If China were to stop...

Thanks for the links-- things are obviously much worse than I thought in China! I think this could negatively impact us of course. But I still don't see a 30s style Great Depression as the most likely outcome; as I was saying, Japan has been in not much better of a situation for the last...

Please elaborate on the "China" risk-- wasn't sure exactly which aspect you were referring to. I can think of two major China risks, I'm guessing you are referring to one or both of them: - economic forcasters are saying China's economy will be slowing down, possibly sharply over the next...

My thoughts on this: first of all yes there are some danger signs, most notably a possible debt and housing bubble. That said, you have to look at what was actually happening in the Great Depression.. would *all* these things hit us at once just like the Great Depression? : #1 : global...

Ah yes, that would of been a nice choice for the poll lolol :) Btw you're quote reminds me of something my brother occassionally used to say: "You win some, you lose some. You lose more." (He generally was mostly kidding when he said that, he's a pretty optimistic guy really). -Taric

Sorry for this off-topic thread.. please feel free to flame me :) I am curious is there a correlation between mid to big size intuitive (as opposed to systems trading) day-traders and consumption of alchohol. Please this is in no way an attempt to condemn or encourage said behavior.. but I...

I think it is a great idea-- but I would take it a step further. Have India outsource a ton of our data-entry if they can do it cheaper. Then outsource our pot-holed road system to Germany. Next outsource Amtrack + all public transportation services such as city subways and Airports to...

Well if you are so against a skew in wealth (ie a few rich people and lots of poor).. then I think you should consider what you are really implying.. as if what you say is true, then the poor Chinese will have an increased standard of living and us rich Americans / Europeans / Japanese will...