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Lowering the federal funds target rate to 0% will have no impact on jumpstarting the economy. The FFTR is not the problem.

Why didn't you just buy one of the other thousands of food items that ARE in plentiful supply in a Costco or Sams? Like a 30 pack of breakfast burritos, a 50 pack of barbecue spare ribs, or a 100 pack of corn dogs??? :p Rice is a major sustinence food in other regions of the world, but it...

I do remember the term shale being used in the discussions. They also threw out "breakeven at $50 a barrel", hence the hysteria over it.

I thought you were out of character with that!

I was just on a business trip to ND, and from the talk of the locals, this is not an insignificant find - big bucks going into it, and they expect to experience a local economic boom while the rest of the nation goes into recession. Its weird that this isn't getting much news attention.

Just curious, was it rookie because it was a counter-trend trade in the face of a major trend? Or did you follow your regular position trade entry rules?

Nice to see you in action on this journal again!

I will vouch for them too

Good evening, America. Allow me first to apologize for this interruption. I do, like many of you, appreciate the comforts of every day routine - the security of the familiar, the tranquility of repetition. I enjoy them as much as any bloke. But in the spirit of commemoration, thereby those...

DON'T BE A FOOL W-N-B!!!!!!! You have 3 years done, 1 to go. Do not be lulled into a false sense of possibilities presented by the few on this thread. No matter HOW successful some may be without the degree, HAVING a college degree will always be better than NOT having a college degree...

Its more like relying on the rating agencies when you buy "AAA", "AA", and "A" rated paper - or worse, having in-house credit analysts evaluating your bond holdings, and STILL buying the paper. Its scary how much of a charade the entire ratings game is.

Yup, can't argue with that kind of success

Well, I don't know about made up threads, but I can tell you this......I have firsthand knowledge of "extremely conservative" financial institutions holding sh*# paper generated in this mess.....ABS CP, etc......each institution with large unrealized losses, because there's no bid for the...

Yes, that's true. And so is the fact that doing any one of the above has severe ramifications. Every single derivatives transaction is entered into for a specific financial goal. Problem is, its an intricate weave that you just can't unravel one strand at at time. In the end, SOMEone...

Nice post Austin

Remember when the Euro was first introduced, and the central banks were supporting it during its infancy? When they took away the support, it tanked. Its been a rocket up ever since. Ahhhhh.... the good 'ol days.

And with that post, people can finally stop saying "there is no one out there that is a legitimate mentor" There he/she is folks. You are about to be flooded with PM's my friend!!!!!!

And THAT's why it pays to have a pile of cash on hand at all times - in the event that another "transfer of wealth opportunity" presents itself. I for one can't shake the feeling that we approaching another one of those times......

The NOTIONAL value of off-balance sheet derivatives transactions is staggering. And its unregulated compared to the rest of the Street. The DERIVATIVES market is the spider web of trouble that the G7 countries collectively are scared to death of seeing unravel. And they should be. I'm a...

I too was in fixed income during that period of time Brownsfan! And you are 100% correct! Daddyeaux, you're 100% right too about the derivatives ponzi scheme! I already posted this in another thread, but it bears repeating. The exact same applies the derivatives market in general...