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Haha! that's awesome! good find. Time to sell Euro's I guess...

so what to do? Short EUR/USD?

I still call bullshit. The artice is about 4 (FOUR) banks being shut down, bringing the total this year to 13 (OMFG, the sky is falling!!!!), but you choose to title the thread based on a blind guess that some stupid RBC analyst pulled out of his ass in the last paragraph or two of the whole...

It may be, but they want me want to slide into depression. what irks me is that they lack context. I wsh he'd post what he's physically doing to profit from it. Maybe that'd make me feel like he's really convinced in all the stuff he posts.

bylosellhi: I can tell what threads are yours without ever looking at the author. You post so much sensationally bearish crap that I get tired of reading it. Don't you ever have a positive moment, or a light at the end of the tunnel moment? I've actually looked back to your posts in...

I can fathom the gov't saying that gold is worth so-and-so much of whatever their currency is, but I have a harder time thinking that they can declare how may cans of tuna, or pairs of shoes gold is worth, unless they completely wall the country in and hire legions of men to fill in all the...

Ok big brains, help me think this through please. The euro-zone is going through something it's gone through before, but I am not sure how a little retail investor/trader like me can benefit from it. Various parts of the euro-zone are having to pay different amounts of interest on their...

I really like the article. I think it's funny.

can't believe you guys think he is serious...

Makes me think that TILWX is just executing BRK's orthodoxy poorly, and is now blaming the orthodoxy. The part about "patience" in the Buffett orthodoxy may have been lost on Tilson (aside from making your profits at the buy)? At the same time, I think the Buffett method may be...

what is this? eliteconspiracytheorists.com???

Not needing to mark your positions on assets you intent to hold until maturity means that you can carry them on your balance sheet at face value, even though they may be worth only 30% of face value? If the instruments only return 60% of face value over the course of their lifetime, when do you...

cool chart, thanks for posting. I'm not sure I've ever seen anything this clear and well-layed out come out of the CBO (I am talking about the chart, not the proposed bills).

Right, and I bet there were 1000x more players out there who had this level of "common sense" but ran out of powder because they didn't have the timing right. These funds did have the timing right, and I say it was pure chance. Had events taken a year less or more to unravel it would likely be a...

Taleb is one of the few men in this world whose opinion I don't immediately dismiss as likely horeshit, re-statement of the obvious or thoughtless parroting. I don't agree with some of his concepts and conclusions, however almost all of them are worthy of consideration, as he has proven...

you are assuming that they didn't. why is that? Saying those people are brilliant may be like saying whoever happend to be long amazon and yahoo in 1998-2000 was brilliant. Of all the funds out there, they just happened to be short at the right time. Now in retrospect everyone assumes it was...

Good post, but I think this last paragraph may be misleading. In the case of the grocer getting a dollar and then passing it down the line, it is the same dollar that transacts 7 times (that doesn't count as $7 worth of activity). What (I believe) actually happens is that the grocer, the...

just because you didn't have the balls to do it... (lol, just kidding). Seriously though, always make the (hopefully long-term) best of any situation. If banks are pushing stupid loans, why shouldn't you profit from that? if you end up stuck in a position you can't unwind, then you fucked up...

huh? what's cheap about that? If rent and whatnot is so much more expensive in the UK than it is here, I guess you guys spend a lot larger proportion of your income on housing? Here many people spend more than 50% of their (gross!!!) income just to finance a house. (I am definitely not one of...

So this must mean that the funds have not flowed to the automakers yet (otherwise they'd be in line behind other creditors anyway, and forcing the automakers into bkprcy would be extremely stupid). Or are they trying to protect just a second flow of funds??? Also I am surprised that they...