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Not speculation, fact.

You do realize that many crimes that were most definitely committed by blacks (i.e. certain neighborhoods in urban areas that no white guy would dare enter) cannot be attributed to a certain race as they will go unsolved due to the "don't snitch" mentality that is prevalent in any and every area...

We operate under a war economy. You would think that some of you guys would figure it out after awhile but I guess not. Each generation, like clockwork, has another war awaiting them, regardless of the merits of entering war or lack thereof.

Maybe, but it is still something of a chicken or egg argument. Increased leverage is predicated on confidence in the models. You could not raise capital or sell the idea to upper management without a stamp of approval on a specific metric to assess risk. To that end, Taleb's point is very...

Martinghoul.

Both sides of the "table" so to speak are pompous pricks. They are all academics, at heart. And we all know academics are never wrong, never want to be questioned and/or criticized. So it all boils down to whether they have anything of substance to add to a topic. Taleb certainly does...

Wrong, as has been discussed at various other sites, ETF's are also experiencing outflows.

"I" "I" "me" "me". It's really no wonder that you spend most of your idle time trying to impress everyone on an anonymous message board. In the real world, anybody who continued with this self centered narcissism would be a world class bore.

Hate to burst your bubble, but the public won't have much sympathy for "independent investment advisers" who have largely led them into a stock market that has done nothing but churned out fees for the industry. Anything even tangentially associated with banking, bailouts, quant easing...

Ridiculous argument. You seriously think not having physical possession of a mortgage note is a "technicality"? What's to say if a debt collector came knocking at your door, served you papers for defaulting on a debt they claim you owe them? But, in reality, they have no ownership of the...

It's always popular to try and assign more blame to one side of the issue, but the reality both sides are at fault. Realistically, this is the ultimate reason why a nation creates laws in the first place. The banks that engaged in fraud should pay the price (and not with taxpayer...

Very, very naive post. Do you not comprehend that the vast majority of the money funneled into the areas you mention are simply union concessions to basically fund legacy costs. Secondly, these are essentially government bureaucracies that manage and oversee the funding (i.e. public sector...

It's a generational dynamic IMO. One generation prides itself on self sufficiency, sound fiscal policy and the next rebels against those ideals and so on.

You are clearly stuck in a time warp. Nobody gives a fuck if the stock market rallies 10% or 50% if the god damn currency goes down the toilet. Better yet, how many people will give a shit if their stock portfolio doubles and then we have some Argentina style confiscation of private assets or...

hmm...seems many people have stopped paying their mortgages..except that the money is being diverted towards more frivolous items. On the other hand, I'm certain a decent sliver of the population has figured out how to simultaneously stop paying their mortgage, collect food stamps and get paid...

I've heard this rhetoric for years now. In theory, yes indeed, as traders we should fight for free, unfettered markets, but the reality is far different. Instead, we have a financial system essentially predicated on moral hazard, implied government bailouts and other such de-facto stop gap...

So very fucking predictable. You clearly cannot differentiate between a valid argument and some 10 year old cliche's about market manipulation. Nor can you see the difference between a bubble in financial assets like stocks vs the serious (life or death) problems when those financial bubbles...

i.e. it subsidizes the F.I.R.E. sector of the economy...

I though the tail end of 2007 with the dollar plunging, oil skying and this non-stop POMO shit was bad, but this easily takes the cake. It's literally a neverending quest to fubar things beyond recognition. All of it to fight this "deflation" bogeyman that would, in reality, make us a far more...

They have become the political party of the disenfranchised. These type of measures are nothing more than voter bribery. "Unless you vote for us, your food stamps, unemployment, section 8, free healthcare, etc, etc...will be revoked".