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  1. 5

    The Creature from Jekyll Island

    They seem to go hand-in-hand
  2. 5

    The Creature from Jekyll Island

    It is always a better for trade to have a "medium of exchange" rather than a barter system. Barter system: two sheep for a haircut, Medium of Exchange; $25 for two sheep, $50 for a haircut. In the free banking system, there were very little regulations and each of those banks created its own...
  3. 5

    The Creature from Jekyll Island

    I am not sure there is a difference, is there? 5yr
  4. 5

    The Creature from Jekyll Island

    To OP read this site as well http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html I think its a good idea to get both perspectives, especially if you are trying to learn about the Fed. I also think you should check out the "Free Banking Era" and buzzy suggested. Basically...
  5. 5

    The Creature from Jekyll Island

    This is exactly the point of a central bank, to control hyperinflation/deflation. With the credit crisis we saw the credit markets seize up, so the Fed injected huge amounts of liqiudity into the system to get the gears turning again. When inflation does start to pop up, the Fed will begin to...
  6. 5

    How are Limit Orders Handled at the Open?

    You are owed the opening print no question, unless your order was executed before the open in the after hours session. You shouldn't move on, you should figure out why you where filled at 10.00 5yr
  7. 5

    Setting up a mutual fund rather than private offering...?

    Wow with returns like that you will have no problem raising money, just keep doing what you are doing. I would list your reutrns on iasg and autumn gold if you haven't yet
  8. 5

    Setting up a mutual fund rather than private offering...?

    Yes, you can't charge performance fees and a 2% management fee would be extremely high on a mutual fund, plus you would need to share that with whatever company you team with to launch. Plus you have a ton more regulatory issues if you are offering a product to retail customers as opposed to...
  9. 5

    Question: Wife Working for Financial Company

    She will have to give them a list of all accounts currently open in her name and your name, they will then receive statements of those accounts. If they told her no one in the household can trade, that means no one can trade. I am sure they would rather fire her than to deal with potential...
  10. 5

    Next Idea to Fix the Economy

    When did I say the Soviet Union was an economic utopia? I just said they basically had a 100% tax rates and an ecomony producing taxes, which proves one of the laffer curves assumptions wrong. I am not advocating a soviet economy. Sorry you are confused. Unless taxes are exceptionally high...
  11. 5

    Next Idea to Fix the Economy

    I like that he using the laffer curve and bases all his arguments on that, it has been proven wrong and even Laffer himself says that the republicans have hijacked it from him and use it for political purposes. One of the most glaring problems is that it assumes at 100% taxation tax revenues...
  12. 5

    China, Argentina sign $10 billion railway deals

    Good thing we have planes.
  13. 5

    Stimulus Cost More Than Iraq War

    The article also points out that more money was spent on Medicare, do you think that was wasted as well?
  14. 5

    Stimulus Cost More Than Iraq War

    So do you think its a good idea to spend hundreds of billions of dollars destroying and rebuilding other countries, or do you think we should spend that money building up our own infrastructure? 5yr
  15. 5

    What is a good way to take advantage of volatility

    Oh sorry, I forgot the picture Thats Laguna beach no less 5yr
  16. 5

    What is a good way to take advantage of volatility

    sell options Just sell out-of-the-money calls and puts, sit back and collect premiums, you will be on the beach in no time. 5yr
  17. 5

    Dis Bullish

    You should be a little slower with the insults, considering your recent posts. 5yr
  18. 5

    Lets see if anyone shares my opionion with the bond market

    I will try to help Okay so I was just watching street signs on CNBC and they brought up how alot of investors are pouring money into bonds for various companies and that the yields are the highest ever! Yields are extremely low, people pouring money into bonds makes the price go up and...
  19. 5

    Fitness Metric: Sharpe == RAR?

    But judging by the line of best fit, which is sloping at almost 45 degrees, you can answer that yes the two metrics are highly correlated, a high number in one means a high number in the other.
  20. 5

    Why I Lie a Lot on ET

    You are such a dork Joe Doaks
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