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I understand the amount owing decreases with each payment. If I'm correct, and it's a simple interest calculation calculated annually the math looks like this: 100k = principle .06 a year is 6k (on the first year) 6k over thirty years is 92k (when you consider the declining principle)...

How is the interest on a mortgage generally calculated? I assumed it was simple interest, calculated on the amount of the principle remaining each year. TNG [B]

I think this may be overcomplicating things... The amount of money you owe each year increases by %6, but your salary only increases by %3. I believe the %6 refers to interest charged on the remaining principle, no? So whatever amount you owe total at the end of each year increases by %6...

I'm not sure I'm understanding this, but when you say the loan payment amount is %6, do you mean he's being charged %6 interest annually on the loan? If that's true then he's losing %3 every year on that money. I think the basic model of banks is that they charge a slightly higher interest...

Time to test my real time FFT skills. Any comments very welcome... I picked up some SLP late today. Here's a chart, volume looks nice to me, the channel is down, both stoch's look good to me. A close above the 20 SMA would make me feel better, but we can't have it all, can we? Thanks...

Yes, the banks shouldn't have the liability, but they have a special privledge that no other business has. Can you imagine if your winery took out a loan for 100k, then spent it on equipment, but on their books they said "we have 100k in the bank, and 90k in equipment". So, in reality, it's...

Let's look at a house purchase in detail. Let's say Mr. Wannasell has a house worth 90k. I have 100k I want to deposit in the bank. I deposit that money and 90k of it is loaned to you to buy the house, and you pay Mr. Wannasell. The total net worth of this equation is now 100k + 90K +...

"Refusing a contention is not a straw man argument". Ron, that was exactly my point. My point is that he's putting forth a thesis, and you are simply stating that his thesis is incorrect. Therefore, it's NOT a strawman argument. I know very well what a strawman argument is. He doesn't...

I think what the autor is sayins is a twist of what you are saying. Money isn't really being backed by assets, it just so happens that some of that money is used to buy assets. The total monetary supply is still far greater than the value of all assets it's used to buy, expecially when you...

Yes. Money is backed by nothing but government debt. Call the mint someday and say you want to redeem a dollar. See what they say. Years ago, you could, because it was a receipt. Now it's not. Money is not backed by anything, but because it's fiat we have to use it as a system for...

His argument is not a strawman argument, you are using that term incorrectly. He's putting forth a contention, a hypothesis or a theory. It's what every Phd ever written did, so by your logic, every Phd is a strawman argument. Incidently, what you wrote above is a perfect example of a...

People keeping hard currencies in private reserves has nothing to do with the monetary system. It's a completely independent variable. His premise that money is debt (to me) means that the money in circulation currently isn't backed by gold, like some think it is, but backed by a giant web of...

On my list of retail vs pro advantages/disadvantages this one is right near the bottom. That's a major function of how I trade, however. And if I were writing ATS's and running them from home, I may be a bit more concerned, but still, we are playing from the nosebleed seats and we have to be...

Now that's some constructive comments! TNG

How much do you know about his style of investing? How much does SiSe? I find it strange that so many people call him a moron for yelling "buy buy buy" in biggest bull market we've had for 7 years. While I agree that the way he goes about it can be annoying, the message is pretty clear to...

I'd be worried if the gov't started regulating it, but if a company decides to traffic shape in a way that is bad for their customers, I wouldn't be too worried about that. It would suck to be their customer, but the market will adjust and they'll eventually go out of business or change their...

Have there been recent changes in NN? New regulations or protocols by current BB providers? I haven't been keeping up to speed since this was a hot issue a while ago. To me, this is just one of the many disadvantages that retail guys have over pro's. The pure latency aspect of direct lines...

Have you ever been to Canada? What were your experiences like? TNG

Thank you for telling me what to do, Cocaine. It's unfortunate that I'm not a "real trader", I suppose. By the way, wtf is a "real trader"?? I wasn't defending him, I was stating that I think his posts are far less of a problem than the people who are in never ending personal battles all...

Oh, I have a thick skin. Any trader does. But what I wish is that the information to garbage ratio was higher than 10:1, like it used to be. TNG