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  1. P

    To those that say trading is a 0 sum game...

    Let's say GDP is growing 3% forever and PE are always centered around 20. Then anything you make above 3% is coming out from someone else's pocket. If you are making 50% per year, 47% is coming out from someone else. In linkedin's case, if a 4 billion company is created today, then the...
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    SILVER INVESTORS: Take off your Tin Foil Hats!

    Is someone equating the purchase power of $50 from 30 years ago to now. Wow..
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    Who Killed Bin?

    Does it really matter? If Pak said they did it, they are going to take the heat from their Bin Laden supporters. If Pak said they didn't do it, they are also going to take the heat by having a foreign country carrying military action in their soil.
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    Markets to be still flooded with money

    I am with sjfan here. As much as the dual mandate of unemployment and inflation, they are already kinda morph into the same thing. The way we calculate inflation is hugely weighted by components tied to wage growth. Well, guess what, wage growth is directly inverse proportional with...
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    Rich Americans flock to fast food?????????

    First, 6 figure income is not that rich. Second, Rich/Smart people look for good deal. It is not universal that restaurant s offer better deal than fast food stores
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    Why is low housing prices a problem?

    Asset inflation = free money = free GDP grow. It is that simple.
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    Controlling for over-fitting... and Renaissance Technologies

    They start from the commodity market. That should tell you something.
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    Hedge Fund Returns for 2010

    You assume they take too much risk, but you don't know. The collective IQ in this fund is so high that I wouldn't assume anything.
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    RM's occasional market calls...

    I somehow believe a good trader has to have at least decent if not great memory. Why? History repeat itself. The more you remember all the aspect of the economic condition for a certain event you are gunning for, the higher the probability you have a winning trade.
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    The Economists Corner

    I am going to argue that inflation and stagnant wage equal lower cost. Of course, this is only true if you are selling into that inflation sector with pricing power.
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    alternate investing ~ trading - Start Young

    What a joke. Just go buy those Goldman 50yrs bond. 6% per year.
  12. P

    "Market making is dead"

    Does this mean HFTers are the new MM?
  13. P

    Advice on Staring a Hedge Fund

    If lasner has performance and investors backing him already, whether he has i-bank experience or not does not matter. He can either pay someone to figure that out or he can figure it out himself slowly. His performance will be the only reason why he is a fund manager or not.
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    GM prepares to shut Indianapolis plant after workers reject concessions

    Wait till gold hit 2600, then $28 per hour will become $14 per hour automatically..:)
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    Rig

    I am with you there although I don't have a target price.
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    Despite shitty economy, unemployed Americans refuse to take farm jobs

    Bottom line, unemployed can choose to work or not because they have a better option - welfare.
  17. P

    Which phase are we in right now for equities ?

    Somewhere in the mania stage. When hedge fund manager telling you to buy in CNBC and the market goes up, you know you got the media and sheep in it. Also, when Washington post tell you to buy .... http://www.washingtonpost.com/wp-dyn/content/article/2010/09/23/AR2010092306290.html...
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    Sweden Considers Cashless Society

    how stupid this is? State sponsor for Visa and Master?
  19. P

    Key House Democrat: Japan forex move 'deeply disturbing development'

    Don't we have QE2 lined up already? :)
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    What's this rumor that the Fed will buy $1 trillion in US bonds before midterm elec.

    No. You are equating QE as the same as africa and south america dictatorship debt. In order for that scenario to happen, you need to borrow in FOREIGN currency first. IE, if Argentina has tons of debt in US dollar, when they devalued their currency, their debt DID NOT shrink. US debt are...
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