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I know for a fact that HFT's are making lot less than they were 5 years ago. The pie is getting smaller and smaller as similar strategies deploy against each other. The smart money have already left HFT equities and now involved in other venues.

We are in an era of unprecedented leveraging and deleveraging and mood swings in very short periods of time.

I have some capital losses in a retail account (<50 trades) and my K1 for a money up prop firm will reflect an income for year 2011. Can these losses offset K1 income? I have trader status and M2M, but was told that due to the fact that I had not traded enough in the retail account (need...

They said the same about housing. What is equally disturbing is the amount of open derivative positions (ie futures, ETFs) to underlying physical. Sounds eerily similar and setting up for event.

They survived before but at a great cost after the great depression which led to rise of Mao communists. My prediction is China will signal support for Euro and in the last hours, bail. Both West and East economies will be hit hard, but on relative terms, the West would enter the stone ages...

Yes. i said the pay in the US is better is why they come over.

Because the US has a shortage of skilled engineers and the pay is alot better.

Yes, 9 Zhangs work for 1 Joe but used to be 50 Zhangs for 1 Joe. Joe is the uber wealthy American global capitalist, while the rest of America is jobless and debt-ridden and Joe has no interest in lazy money-less people. Joe thought I can make a billion dollars employing cheaper labor while...

Today's capitalism approaches zero sum as the pie shrinks. The middle class loses while the ruling class get wealthier. It's just wealth transfer at this point.

are you kidding. most of them in SF are H1B fresh off the boat immigrants

Better is to wait 12 months from any previous S&P high if S&P breaks 20% lower from that high (confirmed bear). Plot 12 months from that confirmed high and begin cost averaging from that projected date for 12 months ONLY if market has made new 52 week lows at that point. Then hold for 24...

90% of silicon valley employees have 3 or less letters in their last name.

Geez, ever go to SF into an apple or google building. Half the office are chinese engineers.

Sounds more like a global deflationary supercycle and basic supply/demand than any particular culture's economic principles. It would make sense that with billions more productive workers out there in the world that come on line, and enough food and water to feed 10x current day's population...

But then how come nobody's hiring Americans.

Majority of the GDP is on infrastructure development, ie roads, sewage plants, hospitals, broadband, pipelines, electricity power, oil drilling, agriculture, etc. Remember, China is still a predominately state owned economy and those industries which service the above are 90%+ owned by the...

Chiang Kai Shek argued in the end the West prospered in the 20th century because the East stayed in depression after the big reset in the 30's, highlighting global zero sum.. The US had vested interest to let communism win out abandoning both Cuban rebels and Chinese democratic nationalists...

China was the largest economy in the world for centuries until the 1800's. This is more a continuation after a dark period (Mao)

I don't konw much about urban RE, but wondering what people thought about city prices past 2 decades and if this can persist. I have observed that NYC did not experience much of a correction in RE prices in the high end. Many properties trading at 1000-2000% 1996 prices even throughout the...

This is across many industries. Pricing power is over. No matter what central banks try to do to inflate, we are in a grand deflationary supercycle. Basically capitalism fighting it's last battles. Next era of prosperity will be in a completely different form.