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Not sure if it's criminal fraud as much as a bureaucratic system that was created by 50 year old thinking combined with huge dis-incentives for change. (bad design and inertia) You can say the same of much of the US government including the tax system. Corruption has become rampant, but...

Logic? There is no logic here. Routine, mindless, emotional feel-good liberalism. I sold the gas-guzzling, rapidly depreciating Grand Cherokee and prestigious Audi and am now seriously considering a $14,000 Civic. We drive around in these idiotic status symbols displaying our status to...

Well some of that may be true, but entrepreneurs don't usually throw money around without looking at the potential market. Most of China's population is rural, but that still leaves about a half billion people who live in cities. That's one hell of a big market who loves to buy cell phones...

Yes... yes... forgot the punctuation...:D :D

That's short-sighted. It might take a few years of marketing, but the Chinese will learn to love buying all that crap just as much as we do. Never underestimate the power of America's finely honed marketing abilities. You're right on about everything else though.

But the Fed is an independent agency unaffected by politics.

An Indian software company is currently swarming through one of our recent acquisitions and taking ownership of every piece of software. Development goes to India, support stays in the US. I've been impressed with their abilites. During this system appreciation phase, they have 25 people...

I agree with faulty programming. Sometimes you know exactly what to do but emotions take control. Faulty programming should be better defined: It's a battle for control between your neo-cortex (conscious brain) and the limbic system/amygdala (emotional brain). The limbic system has more...

The struggle is our own collective psychology: We feel entitled to what we have. The rest of the world is hungry for it. We won't wake up until it's too late.

Katrina is more than cute. I'm tempted to move to Florida and start stalking. That little girl is marriage material. Did anyone notice the music when the scene focused on Trump? For a second I thought God himself was flying into New York on his helicopter.

Confusing edge with drop. You can cut the house edge on blackjack to around 1% with proper strategy and good house rules (edge goes to the player if you count cards). But the drop at blackjack tables is much higher due to bad play and no money management. The variance in the swings works...

If you're a serious gamer or trying to simulate weather patterns on your PC then go with the latest P4. Otherwise Centrino is fine. Charting and trading uses hardly any processor speed. They need plenty of memory and stable bandwidth. Backtesting would benefit from a faster processor, but...

Ok, I think I'm beginning to understand. The Fed increases the money supply sparking hyper-inflation. This devalues the dollar to the point where our currently massive debt load is manageable. In the meantime: - asset prices (stocks and RE) explode. - real wages decline rapidly making...

Comparing the debt to GDP ratio between 1932 and today is misleading. The spike during 1932 was due to a contraction in GDP, not debt expansion. Today's levels are totally unprecedented.

Forget trying to figure out if you are the trader "type". You won't know until you are. You'll know when you fail 1, 2, 3 times and still come back for more. I'd suggest: 1. beat online poker (cheapest way to learn to trade) 2. major in something that will pay the bills (just in case)

This condo runup is one of the last gasps IMO. On income alone, only 10% of wage earners can buy a house at these prices (and even those earners need a 3% ARM) Condos are the last remaining affordable way to buy RE (unless you're trading up). It's hard to pick a top and we could carry a...

Dollars and chips. I've tried that with some success, but not enough. Interesting that I'm actually a profitable poker player and that's real money (small stakes). But I trade the same way with real money and when paper-trading (posting trades into a real-time chat room with traders I...

Care to expound on "suffer"? And "enough"? I must have an innate gift/curse to suffer more than most. Five years of trading and I'm down $4000 including commissions ($1500 of that last week). That includes 2 years daytrading full time with an average of 15-20 trades/day.

Cheese: I think you are exactly right. My question is exactly how to proceed in taking the first step towards that gigantic change. Most psychologists I've seen don't have the ability. Conscious effort doesn't work. I've tried that to the point where I was so mentally conflicted I could no...

I should say, I've been in this hell for quite some time. Broke even trading NYSE for a year. Took a long break and started trading the ES recently and losing. But I think my losses are partially due to the difficulty of the ES. It's a beast. I want 6-10 pts, but it only gives up 2-3. And...