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somehow i get this crazy thought that what if Ben is here on ET asking for any bright ideas

he wasn't doing charity, more like he bought it at that time thinking it was cheap, why do u think he went on saying later if the gov't doesn't bail out the banks/ economy whatever the economy will crumble or something ... during that time he was taking a something like over 30% loss or sorts

after the cash for clunkers, one has to be blind not to see what the fed is trying to do, i'm quite sure its already underway, not all central bankers r idiots, its likely they all go abt yes they have confidence in the dollar while gradually shifting to other assets

weak yuan may be a factor but it is not everything, there r lots other reasons involved, besides the US didn't maintain a strong currency for charitable reasons, how a nation becomes strong economically is due to the contributions from the individuals, the US used to be composed of mainly...

think of the maximum amt u expect to lose and multiply that by 10

not quite true, not everything is in terms of $ & cts, small biz provides creative products that don't exist in big biz, also big biz once they becomes the "monopoly" starts raising prices

thats a really gd comment abt rising oil and falling $, makes one wonder whether the whole economy can come to a standstill due to that

its ok, stock market is up, thats all that matters

a weak currency only works if you also have a general hardworking workforce

its quitely possible that the major banks has lots connections and political clout, thats why it will always be difficult to reform them like trying to move a mountain, it takes a politician with iron conviction or is crazy or suicidal to implement any true reforms

lots of bark but no bite, firms like insurance and retail banks have no biz conducting proprietary trading in the first place bc they are taking on risks beyond the customers appetite and certainly without the customers' explicit authority, all this regulatory & central banks are too mired in...

sterling will not crash bc Gordon Brown & Darling holds opposite stances, so they kind of balance each other out, Ben & G on the other hand has managed to nudged Volcker out, so there is nothing from preventing them in orchestrating a dollar freefall just to keep the stock prices up and keep up...

i didn't think its GS's fault directly, its quite obvious who instigate the deals, its the whole deal that is immoral from beginning to end

getting the taxpayers to eat the losses incurred by this banks is truly wrong any which way u look at it, awarding themselves bonus is really despicable

yes, someone on ET once pointed out that Ben knows exactly what he's doing and its that thats scary, taking it one step further, i won't be surprised if there r groups in the gov't that engineer the whole thing, f**k, how am i going to trade if the markets close shop

thinking they v smart by trying to inflate their way out of debt, at some point will lose its status of reserve currency and hence, lose the avenue of indirect tax, in short kill the golden hen, ending up whatever debt has to serviced from US taxpayers, bc the rate is too high, anyone that has...

1980s is Reagan, so the hands off approach seems to work?

it be great if the independent traders of the world could unite and take down the likes of GS

50% retracement? actually, i have the same idea, seriously, but my past probability is a bit on the low side, interesting that someone else would have the same notion

i met Mark Mobius a few yrs back even shake his hands, he's not as smart as whats written, quite a simple man actually, but his team is quite a marketing type, quite surprised, thats not to say some legends are not genius