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    Yes or No:"Fully hedged portfolios are not risk free"?

    I think I meant that the traders, Merriwether, Scholes etc did not lose money. Maybe I'm wrong about that, skimmed thru the stuff too fast.
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    Yes or No:"Fully hedged portfolios are not risk free"?

    No. In meltdowns, asset prices move the same direction. See Long Term Capital Management for more. However their own wealth was fully hedged as they never lost any of it
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    The Fed, fractional-reserve lending and source of inflation

    The same nationalized BoE got its ass kicked by George Soros. You telling me nationalizing central banks works? You have a nationalized central bank, and its influenced by the whims of politicans that don't see further than 2006 Rep or Dem. Choose the lesser evil ;). And besides...
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    Deflation?

    They say when deflation occurs, people hoard money. Not true, new electronic products inevitably get cheaper, yet people buy and buy and buy. You can wait a few years to see a new movie on TV for free, why see it now and pay the money? :confused: So what is the real impact of deflation?I...
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    Warren BuffetT

    Why do people always spell his name wrong? Even "Modern banking" repeatedly refers to him as Mr. Buffet LOL!(pg 459) I'm betting BuffetT has the highest chanceof being spelt wrong in the universe of wellknown names.
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    Ken Lay, DEAD.

    ROFL! Credit cards are assets! :p
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    Fed Reserve....is It Capitialism Or Socialism

    Well Finland is considered a successful economy and has over 10% unemployment.
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    Fed Reserve....is It Capitialism Or Socialism

    To the first one: Issuers of credit? You mean commercial banks? How do banks profit from inflation? Unless you do Islamic banking which pays no interest on short term deposits :D To the latter: Fraud existed as well in Roman empire, with coins being devalued by cutting off a corner or...
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    Fed Reserve....is It Capitialism Or Socialism

    Best? Wasn't that in the 19th century? :D Don't forget, money supply growth in the UK is growing at a rapid 8-9% annually, go figure, any economy would boom under that.
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    Fed Reserve....is It Capitialism Or Socialism

    Because of it? Surely you didn't read about KIA and etc going bankrupt. I think Singapore and so on are successful because their country is small(Like Lao Tzu said, managing a big country is like frying a small fish--- have to be careful). Direction of capital towards a certain sector either...
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    Fed Reserve....is It Capitialism Or Socialism

    Federal Reserve as a lender of last resort is necessary.
  12. G

    Gold correction has ended

    $631, long with rather tight stop.
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    Gold correction has ended

    Being long at 559.5 your ROI was certainly higher than mine(which had to deal with the whipsaws) Congrats. Still waiting for break of 630, though I might move that a bit higher(the second high last night was 629.20... scary) 624.20 now.
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    Gold correction has ended

    Ok, might be wrong :). 625.60 now, buy on 630 break. Way too influenced by "Menta Li Ill is our King, he can't hurt a thing. Menta Li Ill is our King, he misses everything. "
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    Gold correction has ended

    Sold 621 All. No point in holding any if I feel it's going to get cheaper....
  16. G

    Gold correction has ended

    I feel the korean threat is overhyped. Technicals bad, euro crashing. Selling more actually. 623.90
  17. G

    Gold correction has ended

    624.40, selling half for now.
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    Recommend book(s) on Economics

    Freakonomics Great book.
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    Defenseless Dollar?

    Capitalizm will destroy itself by debasing its currency-- Lenin :D
  20. G

    I don't buy it -- I postulate this is a false move in a long term trend

    Bull for the forseeable future ;). So many bears, delightful.
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