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The middle class as typically defined is an historical anomaly, as it doesn't exist in genuinely "free market" organizations. Distribution of wealth/power in the natural state follows a Pareto distribution, not the snake-swallowing-mice assumption we currently have (and "believe" is...

At that price point you're better off buying whatever printer is on sale at Staples and making physical copies until the toner runs out.

I/we use iPads.

None of the above. The blame rests squarely on voters for choosing the fantasy of "Morning in America".

It's a moving average. They're all fundamentally the same type of rear view mirror. How well it works depends on what you're trying to accomplish, and what the market is doing at the time.

Yes, it did, all kinds of supply was in the process of being mothballed. "Fortunately" prices didn't stay down long, and the process was interrupted.

If prices were "1/3 to 1/5 of what they are today" we would lose roughly half the supply of oil.

It's the truth. Would you prefer "they" say something different?

Demand has exploded upwards, and all new/recent sources of oil have much higher extraction costs than the supplies they are replacing. That's it.

Sure. Just like the Iraqis did.

Please, dear god, not the WMD crap again...

From the front page of the business section - I start with stocks/commods who's tickers are in heavy rotation in journalist land.

Asked and answered - the cloud is far too slow and undeterministic for many algo-based approaches.

Helped a buddy drop an FPGA-based algo appliance into a certain Manhattan colo recently. 10gig inout. Something like 300ns from fabric to decoded message. Can make a decision on a tick and get the message headed out before the next tick arrives. At least least 3 orders of magnitude faster...

We need more oil than can be extracted cheaply. That is the start, middle and end of the story. Everything else is noise.

Politicians do what works - it is voter behavior that enables this.

Your errors, or their errors?

Second that. Terrific book from one of the greats/pioneers.

[/b] That's an interesting perspective. Can you elaborate? Not clear where you were going with that - are you trying to say black-scholes doesnt need to be made more complex, or ar you drawing a connection between red-black trees and derivatives pricing?

Not sure what you're trying to say there...?