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    Where to put my cash long term?

    Read small text in ETF description. Chinese Yuan, Indian Rupee... These a currencies are subject to strict government control and a foreign speculator, such as a fund, can't trade these currencies outright. Most likely ETFs gain exposure to these currencies via non-deliverable forwards (or...
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    What is it with the British?

    It's pretty much in line with what other currencies are referred to as: AUD is Aussie, CAD is Looney and NZD is Kiwi. Note the "ee" sound at the end. (Looney and Kiwi are names of birds that came to symbolise each respective country.) Note also that the same exact words are used to informally...
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    How do I start a business managing people's money?

    You are absolutely right about the catch. There are a few managers who started with under $1 mln fund and grew it to a billion size, but as a rule they started up 10 years ago or earlier when the hedge fun industry wasn't so crowded, they produced stellar returns in the first year (over 50%)...
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    the last 30 years since REAGAN ERA.. OUR STANDARD OF LIVING WAS ON BORROWED FUNDS

    So did the Soviet Union. However, China started with giving local authorities more autonomy. The Soviet Union started with freedom of speech and legalising private enterprise sollowed soon. So, by all accounts the actual move to capitalism happened in the Soviet Union earlier.
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    eSignal vs IQ Feed

    which feed do you not like and why?
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    The rich are waging class warfare on the poor

    IMHO, China is both If we are talking of "professional politicians", in their majority they are Keynesian. There are a few notable exceptions like Ron Paul (rep) and Dennis Kucinich (dem).
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    John McCain unloads on the tea party

    Bit his son Rand Paul, who recently got elected into Senate, is... and has very close views on most subjects. It depends on whether they accept campaign donations from major banks...
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    eSignal vs IQ Feed

    Both IQ Feed and eSignal filter data. IQ Feed provides volume data for each bar or tick (where it is available from the exchange). Not sure what "contract bar" is. IQ Feed is much slower when it comes to downloading large volumes of historical data. So, if you download daily tick history for...
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    Congress "nutters" risk global finance: UK minister

    You make it sound as if it's a bad thing
  10. L

    Employers not hiring the unemployed!

    From the article he appears more like an outsourcing guru. Or as the people who missed the offshoring trend say, "bestshoring".
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    Need help finding Discount Broker with competitive money market/savings rate

    In any such account there is probably a catch... Something in the this spirit. If you make a withdrawal from the account you receive no interest (however much already accrued) for this month for the amount withdrawn (or even for the whole account). In the above example it an account from...
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    the last 30 years since REAGAN ERA.. OUR STANDARD OF LIVING WAS ON BORROWED FUNDS

    Because China started reforms later, they had the example of the Soviet Union to learn from - so the Chinese communists tried to avoid the same mistakes (such as dismantling oppressive political police or allowing freedom of speech).
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    the last 30 years since REAGAN ERA.. OUR STANDARD OF LIVING WAS ON BORROWED FUNDS

    He was a member of the communist party. In fact, he was a member of Politburo, the executive branch of the Soviet Union. It was the highest rank achievable for a party official short of the "first secretary" post taken by Gorby. Only in 1987, when Yeltsin spoke out against Gorby and was...
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    Museum of Modern Art raising Ticket prices 25%

    For comparison in the UK most museums were made free in 2001. Read one of the articles below that illustrate what came out of it. http://www.independent.co.uk/news/uk/politics/why-museums-must-stay-free-453620.html http://news.bbc.co.uk/1/hi/entertainment/1306644.stm...
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    Museum of Modern Art raising Ticket prices 25%

    No inflation. Right... What about hyperinflation? http://www.shadowstats.com/article/hyperinflation-special-report-2011 "the Fed’s formal monetization of U.S. Treasury debt aimed at debasing the U.S. dollar; the sharpest post-World War II annual decline in broad money growth; the...
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    the last 30 years since REAGAN ERA.. OUR STANDARD OF LIVING WAS ON BORROWED FUNDS

    Reforms were much slower, less radical and more evenly paced than after the Union collapse. If by weak leadership you solely mean dismantling KGB, then I could probably agree with you. This has nothing to do with patriotism. Imagine the most influential ministers in US Government send...
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    the last 30 years since REAGAN ERA.. OUR STANDARD OF LIVING WAS ON BORROWED FUNDS

    The Soviet Union also had a severe short-term liquidity problem. (The kind of problem that will occur in the US if the debt limit isn't raised on time.) In fact, the government ran so low on cash that (state owned) ships carrying export good were at risk of being arrested because of unpaid port...
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    Employers not hiring the unemployed!

    With a contractor the buisiness doesn't pay when a contractor is on holiday, sick or on maternity leave. Also it's easier to terminate contract than employment... and a contractor would have far fewer legal rights to contest such termination. So, it also reduces risks, which can be considered a...
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    Employers not hiring the unemployed!

    I don't care if a painter is certified. I just want the job to be properly done. Simple painting is time-consuming and menial but is pretty straightforward. Flattenning a curved wall cirface requires higher degree of knowledge and skill but not everyone needs such more complex tasks done...
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    Employers not hiring the unemployed!

    I think here you are missing the effect of the inflation. Without a salary rise for 10 years, the buying power of the take-home pay would have decreased more than twice. So, it is not unreasonable that people look at salary increases braodly in line with inflation as an entitlement. Such...
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