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Agree that there is a danger. Steve Keen talks about this among other things-- http://www.youtube.com/watch?feature=player_detailpage&v=7F2FKxxN_IE#t=769s Problem is electorally things are progressively getting worse. "Middle America" has less and less voice. The election of Obama provided a...

Barry Riholtz is on the right track: http://www.ritholtz.com/blog/2011/10/occupy-wall-street-must-occupy-congress-ag-offices/ Occupy Wall Street Must Occupy Congress, AG offices By Barry Ritholtz - October 17th, 2011, 7:00AM There is an unfocused financial rage in the United States...

Not keen on violence either. But am supportive of the protests originally from the Tea Party and now from OWS.

Iceland looking pretty smart.

With respect, in the grand scheme of things, I would say all those things are largely irrelevant. Assuming it is for the right reasons, it is great that companies do that, but it seems to me to be a form of charity which doesn't help society at large. I think most people want more control...

I think part of the problem is people have different definitions of what is capitalism or socialism (which is why I try to view them as extremes of a spectrum). - For instance, do you consider some level of taxes and welfare socialism? I do and argue that it is needed to keep society from...

Agree. I try to view things on a spectrum. The eternal battle of capitalism versus socialism. A pendulum that swings back and forth. I'd argue Somalia is a very capitalist society. American capitalism is less so, but the buffer (government/socialism side) is co-opted by large business...

Agree. There is a lot of blame to go around. Unfortunately there is a lot of misinformation (from the perpetrators/benefactors) and willful ignorance (from the believers on both political sides) out there. Looking at the extremes: 100% socialism morphs into communism 100% capitalism...

I can empathise with them. I am extremely upset with Interactive Brokers. I wrote some put options during the summer, but have now suffered some losses that are no fault of my own (the black swans did it...I saw one of them). A rogue trader at IB may have been involved as well. They told...

+1 People complain about the credit markets being frozen. The fastest way to get things moving is to allow bankruptcies (i.e. to allow price discovery to occur). It gets people in over their head to be motivated to move on to the next thing (which is what you want). It forces lenders to be...

One of the veterans mentioned this on the video PAPA ROACH posted earlier: http://www.elitetrader.com/vb/showthread.php?s=&threadid=228623

Best guess is they thought Obama would take care of it. The Tea Party later protested.

"They pretend to pay us, and we pretend to work." Soviet proverb

+1 The flipside is the case for multinational corporations. It is key to understand the difference between effective tax rates (what is actually paid net of deductions and transfer pricing) versus marginal tax rates (the "headline" rate). A lot of multinationals due to globalisation...

There are real dangers. If these groups keep getting ignore/mocked they will have nothing to lose. It is like trying to pick a fight with a guy who has nothing to lose. Or fading a strong trending market, you're going to get your head handed to you.

Wholeheartedly Agree. I find the Tea Party and OWS actually have a lot in common, but are coming at it from different angles. For both sides the msm is trying to ignore the real message and dismantle them (eg. calling all Tea Party racists vs calling all OWS protesters communists/lazy)...

Recommend all six parts. If time is limited, at least watch part 6 as well. Warns against excessive use of derivatives. Highlights what is wrong with the US and gives solutions. Those solutions are applicable today. http://www.youtube.com/watch?v=IDxufaKZLjc&feature=related

+1

Recommend people watching a 1994 Charlie Rose interview with the late James Goldsmith. Scary how he called the dangers of unfettered globalization (i.e. via free trade agreements), if you didn't think know the date of the video you could have been fooled he is talking about right now...

DealBook - A Financial News Service of The New York Times January 13, 2011, 8:41 pm Groupon Advances on I.P.O. That Could Value It at $15 Billion By EVELYN M. RUSLI and ANDREW ROSS SORKIN Jose More/Chicago News CooperativeA huge public stock offering would be a significant milestone for...