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LOL - I guess you have an advantage over me then, I was not here in Lincoln's time. I am not saying to go backwards and I agree with you. Tell your kids to fight a war today and they will ask what button or game to download. Imagine a battle between today's kids and Lincoln's kids. It is not...

I agree with you. But here is the problem in the internet universe - The entire war could be over in 10 minutes. The congressional investigation will take years gathering all the facts. and what would they use - pen and paper? That could bankrupt the system. Overseas war is now obsolete IMO...

I think several porn sites went down also so the government employees would be on high alert!

Several other sites down as well Baron. Stockcharts problem yesterday. Etc. Etc. US intelligence agencies were hacked and employee data stolen. The severity of the attack was downplayed in the media and the attack was only discovered by accident. Could have been going on for months? Then the...

A book relative to the subject IMO might be: An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations., by William Playfair I haven't read about it since 1991ish. As I recall, he says that military power drives economics and is subject to disruptions like...

There is a collorory to this reasoning as well. If any retail edge, really was working dramatically, like a snowball it would gain people following, until the size caused a specialist to defeat it. Someone always has to take the opposite side and why would they if you were consistently winning...

When I was a client 20+ years ago at a large mutual fund family, I had a private contact/salesman for my (large) account. I recall phoning a buy of a gold fund for a few months and asked him to execute it for me. As part of his due diligence, he asked my reasoning which I told him. Talking to...

Is one potential option an iceland-like event - debt repudiation and huge economic troubles followed by printing government script without central bank involvement? Assuming it works after some serious pain in 10 years for example, would there be a lineup to copy the model from other heavily...

Just a guess, but I believe I have heard somewhere that some ETFs are not holding actual stocks but swaps or deriviative positions. Thus prices can reflect ETF buying and selling pressures and rebalancing rather than underlying fundamental trade price changes. It pays to understand the fine...

I think tha the babylonians used base 60 - it is hard to imagine the size of their hands! The truth is out there ( and will set you free).

Nitro already touched on the other key curious point - time having a direction in entropy. Order and disorder appear to be time directional in this universe. Most mathematical models work in both directions. There is another potential issue. A model is just a simplification (ce n'est pas une...

Are we talking about agism? LOL. Where were "you" before your birth? Consciousness is not taken into account in physics and though the body dies, who can say that "you" do? How can you raise your arm by thinking about it? There are lots of unknowns in this world.

Simple, then the world is all illusion (or perception) if time is an illusion. The world is what you percieve and there is very little you can know. For me time is the speed of perception of my consciousness. Quantum mechanics leads to a very strange non-intuitive universe at deep understanding...

Most likely , "BAD" people are divided by Politics and Religion also. Isn't morality a judgement? Bad and good are contextual but whose context shall we use? A trading principle (for decades) has been the vast majority of people make decisions using emotion and justify it later on by reason. I...

I think that inflation will no longer work and that we are now awaiting the next world recession's effects. IMO, default is now the only way out, but who pays the bill is my question. "if you find yourself in a hole, stop digging"! If you do think of a way, please email the BIS or the FED...

Does good ol' Ray say what happens if the debt climbs much faster than the slow inflating away part - you know the black hole effect? Isn't that like bailing out the titanic with an ice-cream pail? The last time he suggested a perfect deleveraging by the FED, the unemployed and middle-class got...

Some really excellent stuff from IAN and some other stuff. (Honestly.) IAN has wasted energy (by his own definition) and is fearful of potentially losing more. Curious. Yes using time productively is needed, especially starting out in trading. Wasting time is also helpful. Sadly, IAN will not...

The percentage of right or wrong by pro or amateurs is not relevant. There are winning methods with 9 of 10 losses (Gartman or Talib) and winning methods with 1 of 10 losses (like some claim on this board or BTFD for the last 4 years). The issue is expectancy and not the count of winners or...

(I actually think there were two clear market breaks - one in the early 1980s and the other in 1998 according to most charts I have seen. I have no idea what caused either one though.) A sincere question for you: In your opinion, who should shoulder the blame for the 15 year SZ?

PJT market related insights: http://ivanhoff.com/2012/12/09/13-insights-from-paul-tudor-jones/