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Ohhhh Man! If this ain't the truth. I did 740% in 3 months - THREE MONTHS. I went at least 1/2 margin on every freaking trade - sometimes full margin - and I was a God! Bam! 33% haircut in a day. Next month same thing. I didn't lose my entire wad but I quickly realized I didn't know...

When it comes to finance about the only thing the lay public understands is my taxes are paying AIG's bonuses. Anything above and beyond that falls into the category of sheer confusion. Without the knowledge and support of the public financial shenanigans fall by the wayside rather quickly...

Are we not forgetting that GS and the Treasury are virtually one and the same? Right about now Geithner is picking up the phone listening to the voice on the other end crying, "paaaalease, sweep this under the rug!" Ain't nothing gonna happen to the racket at GS.

If you want to trade you have to start at the absolute bottom. Accepting a position as a Price Reporter for slightly more than minimum wage at the CBOE would be the place to start. I've been trading for more than 20 years, including a few years on the floor, and the exchanges (and prop) are...

and...perhaps the reason BB's plan is failing so miserably is because he is using a Fiat currency system to fix a Credit/Debt currency system. There is a huge difference between the two.

Don't forget that BB inherited this mess. 99.99% of the failure falls squarly on Greenspan's shoulders. He didn't "know" banks would risk their own equity by levering up so high? Not only did he know, he was the chief engineer of it all. If he didn't know that Lehman (or was it Bear?) was...

Hurry up and get out of this right now. I have seen this before and it never ends well. Two topping tails in two days can only spell trouble. This won't end well. :D :mad: :confused: :eek: :eek:

I had to run to Kmart after the market closed to pick up a few groceries -- you know, carrots, brocolli, apples, and such. It took me a while to get through the front door because I got caught behind these two penguins. You know how penguins walk -- they just waddle back and forth and they...

An idiot? That equity curve looks pretty nice to me. The higher it goes the harder it gets though. I've been where Millionaire is at. Nevertheless, good luck Millionaire!!

Did you NOT see consumer confidence spike up to 57 (or whatever that manufactured number was) last month? Funny though, it's back down to 49 as of yesterday. Those damn consumers just can't make up their minds. I wonder how long GS was before last month's CC number. Alright, I'll quit. I...

Yep. They think fixing an excessive debt problem is with much more excessive debt. The only way to fix a borrowing problem is with more borrowing? The only way this problem gets fixed is if consumers pay off their debt or get relieved of their debt. We need to go back to an economy where...

Correct. Study the history of Hawaii. Before it fell under American influence it was one of the healthiest areas in the pacific. Presently, the same thing is happening to Asia. It won't be long before you find a 300 pound Asian on just about every street corner.

Great Response! A+

If he/she drove down I-5 then the visit was most likely to California, which is not a true representation of America but the points that were brought up are fairly true overall. Racism is rampant in the US. It's really a shame considering the diversity of the country. People have migrated to...

These are interesting and valid questions. One thing that jumps out at me is the lack of citations. Where does all the data come from? Whatever the case, the author's claims should not be immediately discredited. The simple make-up of the government's officials gives this article a great...

another bump. Good grief Elite trader, am I the only one who wants to barf after reading this?

bump, this is a very interesting article.

ROTFLOL. That's a way to fucking tell him but dude, perhaps leave his mother out of this. All she did was give birth to the bastard :mad:

I think you're missing the point. Consumers get into debt because of inflation and inflation is caused by the expanding money supply and part of that money supply is available credit. If you use no credit but 99% of your neighbors do then prices will still go up for you. Since wages do not...

Your point is well taken but you gotta remember that being over burdened with debt is not necessarily the consumer's fault. Indeed, if you were an idiot and bought a Hummer and a 500k house on a 40k a year budget then yes, you deserve to get screwed. However, there are things like inflation...