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    Dollar, treasuries, and reserve currency thoughts

    That was a very interesting post Pascal. I may have to re-read that once or twice. Didn't think about the sunday night net-out in that manner. Good point. I've posted before that the oil superspike was abruptly reversed following Russia's invasion of Georgia in the South Ossetra action...
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    Comparing the Great Depression to today

    I think its important to make a distinction between inflation as we saw in the 70's and what is more likely to happen now. Back in the 70's you had wage-price inflation. Prices rose, and wages needed to rise to meet those price increases. Unions could force management to meet these demands...
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    US Taxing 100% of Personal Income Will Not Cover Deficits

    Nice thought, but fairly useless and also impossible when government can change variables that affect long term investments on a whim. If we all only stand a small chance of surviving the next few years financially intact, how much of a chance do you think joe six pack does with meager...
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    Taxes with an LLC

    since we're on the subject, has anyone used their LLC to set up additional ERISA or deferred compensation plans? i'm most interested in setting up a ROTH 401k type plan through the LLC. With taxation rates likely to rise, I'm eager to use this vehicle as much as possible. Costs? Minimum...
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    Why is it scarier to spend money when you have it, then when you dont?

    While you can never make blanket generalizations to anything, as there is always an exception to the rule, there is a difference between a 'poor' and 'rich' mindset. Those of us who succumb to our animal desires, live impulsively and without consideration, go nowhere. That's philosophy 101...
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    Goldman Sachs Raises $1.91 Billion Selling Shares in ICBC

    I vote it is to repay TARP funds. BTW, I don't believe they sold their entire stake - only about 1/4 to 1/3. Verification?
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    Brokers are scum.

    From a practical standpoint, this bothers me greatly. I have yet to sit down with a 'financial advisor' who can have an intelligent discussion about an option with 24 hours until expiration. What's my delta? Gamma? Theta? What can I do if I am long the option? Perhaps a set of unfair...
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    Nassim Taleb makes big bet on inflation

    Folks should pay attention to this statement.
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    Baltics is up to devalue their currencies.

    Let the competitive devaluations begin.
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    The Big Inflation Scare - Oooooh, How Scary; Prove Him Wrong

    Yeah, I'm there with you but I own them too. I think it is an understanding that you know it is a relative loser of an investment, but its not likely to be a big loser & therefore somewhat of a back-up in your overall asset allocation (cash, Treasuries, TIPS, commods) Since it seems that...
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    The Big Inflation Scare - Oooooh, How Scary; Prove Him Wrong

    The problem is that I think you will find demand very elastic. I am getting the opinion that business elites have come to the conclusion that there will now be a significant underclass in this nation that will not be able to afford much. Therefore, its not worth their time to focus on that...
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    Oil 66.00 >> North Korea

    RU kidding, stock market will soar! Now we have a reason to have an economy again! And what's the best type of spending to get yourself out of a deflationary collapse? Military!
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    Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look

    Is there any difference between: Democrats: Up front high taxes, stronger currency. Republicans: Hidden inflation tax through money supply growth, weaker currency. If titrated to the same level, answer is no. Personally, I prefer the republican approach as it is a bit subtler and...
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    Total investment plans of 50 leading oil and gas companies

    More like a Dub-ya, it seems. With a broken leg.
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    China caught in "dollar trap"

    Particularly considering the source. Not my first choice for news about the US, if you will pardon my bias. Go around the net and do some looking - it is being widely discussed that: 1. There was a shift from agencies into Treasuries last year (no kidding!) 2. Central bank and...
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    I couldnt have made this up if I tried

    Useful post. Changed my opinion about him. Thanks.
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    Know Why I (and some others) Have Never Been More Bearish? - NYT Obama Interview

    You seem to misunderstand that the doctrine of 'personal accountability' means YOUR accountability to THEM. THEY (your superiors) are not accountable to anyone ... but themselves. And seem to think they are doing a bang-up job anyway - no ego integrity problems there! Not a conspiracist...
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    Good careers for retired traders

    This is a fair question & I don't understand why you are savaging the guy for asking a question & trying to make a living for himself. I knew a guy in similar straits. Former good trader (mkt mkr) but only a h.s. education & the market was evolving behind him. He had a good run & probably...
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    A+: Why This Rally Is Not Sustainable & The Huge Role Goldman Has Had In Spurring It

    When the truth was put on the table from Sept-January, it was the mother of all debacles. The veil was lifted and the ugly old sow was recognized for what she was. And shortly after that, everyone decided that the fantasy was much better than the reality! And if you don't think too much...
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    huge stock market rally is over for now!

    Concur.
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