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  1. 1

    Are those who oppose outsourcing racist?

    Creative aptitude and the ability to execute on an idea is more valuable today than formal education.
  2. 1

    Are those who oppose outsourcing racist?

    GG, what I stated is what the facts are. Euro and Asian youth stack up quite well on international tests relative to their nations of origin. American blacks do better on tests of academic performance than blacks in Africa. Mexicans stack up well compared to Mexicans "back home"...
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    Are those who oppose outsourcing racist?

    Candletrader, American education is as good as pretty much anywhere. The difference we have relative to other developed nations is our population, specifically a very low achieving/performing Black/Hispanic population. Our Asians and Europeans are doing just as well, or in many cases...
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    Are those who oppose outsourcing racist?

    If by "true capitalists" you mean crony capitalism and a state directed nationalist industrial policy, you are 100% correct. There is absolutely nothing wrong with the american educational system relative to other nations. But, I guess advocates for third world America need some type of...
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    Are those who oppose outsourcing racist?

    Excellent article in salon on this issue. For starters, it puts to bed the hoary myth that the American education system is inferior to other developed nations. (See Paragraph starts with "The claim that America’s K-12 system is inferior to that of other industrial nations is another...
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    Are those who oppose outsourcing racist?

    The notion that racism is wrong rather than simply a faucet of human nature and group identity is false. Our perspective is colored by the "white guilt" industry, whose viewpoints have been shoved down every non-brown american's throat for the past 40-50 years. In spite of the massive...
  7. 1

    Niederhoffer's year end contest! ($2500 prize for 3 best 2011 trading ideas)

    Thoreau, thank you for offering your perspective on options trading. I have traded futures for about 12 years but have never traded an options contract. With futures (a simple directional play) I can visualize or conceptualize the types of market dynamics that can create an edge over a few...
  8. 1

    Why is deflation bad?

    deflation is bad not because of falling prices in general, (such as we have had in computer technology) but rather because of falling prices in items that are used as collateral for debt. THis is important because our monetary system is based on debt. When proceeds from a loan are granted...
  9. 1

    The beautiful and the damned

    The Indians were a displaced and conquered people. The settlers who populated the west did not "Immigrate" to a nation built by Indians. Rather, they displaced them and took their land. Big difference. For at least the past 100 years, most all immigrants have come here to capitalize on...
  10. 1

    The beautiful and the damned

    "It was the generations of people, many immigrants, with strong work ethics that built America, and it's people with that mindset that we need in our country once again." I here this all the time, and to some extent I disagree. The people who created America (English) were colonists and...
  11. 1

    The beautiful and the damned

    Excellent analysis.
  12. 1

    The beautiful and the damned

    "Eventually labor markets tightened and we ended up with the relative equality of the 1940s-1970s." You might consider that during this time the USA had more restrictive immigration policies, and global wage arbitrage was not a possibility in most sectors. The 1980 on credit bubble is...
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    The beautiful and the damned

    Specterx, I could not agree more with your proceeding two posts. In my opinion your 100% on target.
  14. 1

    MF Global Vs Evan Dooley

    Good info thanks guys. Good insight into the Firm MF Global as well. Do your positive comments about the firm stand to this date?
  15. 1

    Hedge Fund Returns for 2010

    It seems likely that the strategies used in medallion are at capacity with their own capital. Given the nature of their performance, they have zero incentive to share this group of strategies with customers.
  16. 1

    At $50 Billion, Facebook Looks Cheap!

    Of course the valuation is sold as cheep. Goldman and the cronies will need to offload its shares, after all.
  17. 1

    MF Global Vs Evan Dooley

    If he was just a broker, why where they backing his trades? Was it just a private trading account and he found some way to hide the loss? In other words if he was not a prop trader how did they ever let the loss get so big?
  18. 1

    MF Global Vs Evan Dooley

    Anyone have a clue what his position was at MF Global? The story does not make sense to me.
  19. 1

    Niederhoffer's year end contest! ($2500 prize for 3 best 2011 trading ideas)

    Has it occurred to you when one has a fatal/possibly fatal disease, the unknown factors can be unknown to the person sick as well? Predicting Lifespan of the potentially terminally ill is not an exact science. Just ask insurance companies as it relates to aids patients. We know he has a...
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