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agreed. "...it may increase opportunity cost...."

well, actually, higher frequency implies less exposure which equals less market risk. it may increase opportunity cost. the increase in transaction costs will consume more of the profits, naturally which, as you say, is a good thing for the prop shop.

high frequency...high commish! split the net! such a deal!

i haven't used NX in ages. but when I did, it was a joke -- insofar as it was certainly no Island. uptick rule? indifferent.

housing is dead. long live housing.

the future of exchanges as a noun: -- anyone?

you ought to summon MACDaddy and ask him.

Bolts, we need to distinguish betweens approaches to the management of resources, and the function of government. We suffer from "fabian" or "creeping" socialism in this country. Private ownership protected, but government control over private property is achieved by progressive fiat...

With all due respect, this is nonsense. What do you think is meant by "socialism," again?

Please clarify the assumptions about government implicit in these questions.

the premise of the thread was to argue that capitalism requires socialism. capitalism produces and allocates; socialism produces nothing but redistributes what has been produced. if there is nothing produced, there is nothing to redistribute. capitalism needs nothing but the rule of law and...

we'll get nowhere if we aren't on the same page. I sense that there are assumptions and colloquialisms at work that muddy up the debate. So why don't you tell me what you mean by a "pure capitalist world?" and while you're at it, what do you mean by "socialism?" and do you think it...

How does Marx define it?

apparently you are confusing the terms "social" and "socialist;" and "capitalist" with "anti-social." any group of individuals who mutually agree to cooperate in commerce agree implicitly to be bound by the rule of law. to say this is a "socialist concept" is inaccurate and gives "socialism"...

stewardship of capital doesn't require anything except rule of law and its twin, moral fiber. socialism is the detritis of civilization. It should be swept away as often as it begins to accumulate.

tell the prof he's a bozo and the college that you want your money back. then go start a hedge fund. the premise is exactly opposite the truth, of course.

well, anyway, apparently crude suspected something was up last week.

hey, it's that fasterpussycat dude! what's the haps

"just do it."