Search results

The way I understand it the Fed creates money, lends it to the government and the IRS collects income tax and distributes that income tax back to the Fed as payments of interest on the funds the government borrowed. If the Fed didn't exist there would be no need for income tax. The government...

Sounds good to me. Petition the Fed and Congress and see what they say :p

Yes, with the key word being "abused." How a money system that can be created that would not invite corruption is beyond me. It would have to be written into law, regulated, and then hold your breathe. One of the first things I learned in my first Finance class was, where there is money there...

You definitely present an interesting argument but history has suggested that this method doesn't fail based on the merits of the system, but the corruption that it attracts. Back in the colonial era the colonies issued paper money based on demand for money so there was a balance to the...

It depends on what you consider evil. The Federal Reserve is an independent, non-government, for-profit, tax-exempt agency that collects their profits at the expense of the tax payer through income tax and inflation so if you consider that kind of theft evil then yes, the Federal Reserve is...

Exactly right. The Asian Markets are right on the heels of the US markets and if Congress kills the US markets the obvious choice would be to trade the Asian markets. Hang Seng...here we come....

lol

http://www.greencompany.com/EducationCenter/Greenblog011409.pdf

I doubt it because big institutions need someone to take the other side. If an institution wants to dump 1,000,000 shares it needs someone on the other end. Another reason I don't see this passing is that it will make it difficult for businesses to raise capital in the equity markets. What...

This is not likely to pass. Until someone knocks the US off its perch it is still the financial capital of the world. People from all around the world flock to the US markets because they are the most liquid. If this tax was passed volume would dry up and it would present opportunity for some...

Hedge Fund audit rates will probably increase because I suspect the SEC has the same sized staff and there will soon be about 50% less hedge funds. Your chances of getting audited probably depends on your size. If you're running a 10M fund for 20 people, probably not. The higher you go the...

I have never <b>EVER</b> run into a more incompetent firm than Comcast. I fought with them for months to get my connection fixed. It has been running smoothly for about 4 months, which means one thing ----- <b>IT'S DUE.</b> Comcast is just horrible!

Clueless gamblers? That's a bit harsh.

Lesson Number 1: Go with the flow. There will be a plethora of short opportunities this year. I blew out trying to go long during 2001. Then I made a comeback in 2002 and started going short after the market has bottomed :( but I quickly reversed gears and started making money on the long...

Exactly. OP says he has enough to blow up 10x over so I suspect that means he has 200k. Put another 20k into the account, move it to a $500 intra-day margin firm, now you have buying power of 80 contracts. On day one trade 1 lot, day 2 trade 2 lots, then 3, then stop where ever you find your...

Time and Sales is a great tool for interpreting price action. Think about going to the casino and pulling the lever on a slot machine....the little fruit things go around and around and around and then slow, slooooow, sloooooooow, stop -- Bingo! That's when the price reverses, or is most...

I wouldn't refer to price action as something that you can look back at after the market has closed but rather, the behavior of the price when the market is open. To give you an example, if the market is falling and it gets near a price area where I want to buy I will wait until it comes to a...

Yep! No inventory issues, better tax treatment, easier tax reporting, no PDT rule, what else? Oh yeah, you can really lose your ass but I guess you can do that with stocks too :mad:

Then the answer is to do nothing. Otherwise, your plan may include something like, "keep some powder dry." Typically, if you get caught in a move like that the only way to recover from it is to have the ability to increase your size substantially. Although, it's clear to see that can create...

Exactly. All trading plans need to include a strategy for WTF?