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Perhaps I misspoke by saying "speculative". The same thing applies to nonspeculative capital goods expenditure in general.. as long as the aggregate gain by the few successes outweighs the many losses, fractional reserve banking allows for vastly faster economic growth than full reserve. R

It allows more speculative exploration of new technologies than would otherwise be possible to happen. If money supply is highly constrained, as with a gold standard and full reserve banking, the number of loans that can be made is severely limited compared to fiat currency and fractional...

I disagree.. consider that there's no theoretical or practical limit yet evident in the extent of our current technology. Moore's Law is holding. Quantum computing looks promising, nuclear fusion is on the horizon, medical science is as advanced as it's ever been and advancing still further...

That works great in a medieval agrarian economy with infintesimal economic growth. But that makes it practically impossible to have any sort of industrial technology, let alone computers. Economic growth would be completely hobbled by lack of money and credit.

The thing is, it's true. BSC and similar actually *are* too important to be allowed to collapse outright. The Fed was right to bail them out. That's an unusual privilege in our market economy.. to be spared market forces that would otherwise blow up in your face. The problem is that that...

I'm going to FedEx a copy of my IB statements to the Treasury with my address and the losses highlighted... and I want my check in Euros.

Geeeez. If I had known that they would just write off half of the principal I owed in a few years, *I* would have gone out during the bubble and got a huge loan I couldn't afford, too! If they do this, they should also send a "For Not Being An Idiot" reward check out to me and all the other...

The markets aren't a zero sum game because neither stock markets nor the futures markets nor any others are a closed system. There is almost always a net inflow or outflow of cash to the "real" economy - everything from people with 401ks auto-allocating money to their retirement account every...

Hrm. I was thinking it could be a flag - that dropoff was pretty sharp. Any thoughts on why it is/isn't a flag? I'm no expert, so any advice on what I'm missing is appreciated. Cheers. R

Hi, Sorry about the certificate/image issue - bug on the server. I fixed it. It should work now with no certificates and images should display correctly. day: is this volume dropoff typical of consolidation phases? How do we get a read on how long the phase will last, and are there any...

AAPL's products are all luxury/high end prestige items, though - how much would that be affected by a mild recession? Rich people will still be rich, and still buy electronic status toys...

Hi, I've just written up a general technical analysis of AAPL. My theory is that it is setting up for a bounce on solid support at 125-130, based on prior support and the lower edge of a long term channel: http://www.economaton.com/markets-trading/aapl-bounce-after-macworld/ I'm...

Hi, I'm an experienced Unix software engineer looking to meet individuals or firms in the San Francisco area interested in working together on the development of algorithmic trading systems. Please PM me for further information.

You might try http://www.distillingfinance.com/ - a blog aggregator with many interesting articles.

Hi, I'm interested in meeting active traders in the San Francisco area to discuss the game and bounce ideas around. PM me if you're interested in getting a beer or a coffee in the city sometime. I'm also looking for people who are awake California hours to IM with for the same. Again, send...

I'm referring to a straight straddle - long a call, long a put ATM. How do you pick your setups? Most of what I see has breakevens too far out to look worth it on a routine basis. But maybe I'm looking in the wrong places.. If you only use straddles occasionally, what circumstances are...

I stand corrected, it appears that nothing backfills correctly on volume bars with IB. My results earlier were probably due to it using saved data that it collected from when I had it open prior to that.. Thanks for all the tips, I'm looking into 3rd party data providers. Any recommendations...

Hi all, I am using the latest NinjaTrader with IB. If I pull up a N225 future on a volume bar chart, it backfills fine. However, HSI and HHI do not backfill on a volume bar chart. The chart displays only new incoming trade data that is received while the chart is open. There are no relevant...

Note the author, and especially the second-to-last paragraph: http://foreignpolicy.com/story/cms.php?story_id=3272 Though I doubt anything is coming as soon as tomorrow.

Since the spreads are so horrible on this relatively popular contract, why aren't third party scalpers moving in and making a tighter market?