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Wall Street has no patent system and innovation is alive and well there. In fact, no patents (and years of protection) actually ENCOURAGES innovation because products are very easily copied and margins taken out and therefore there is a constant rush for new innovation. I really don't see...

If anything this thread proves it's NOT the president who controls how good or bad the economy is, since apparently every single one for the last 30 years has been a screw up! Clearly the problem is deeper.

GM is doing great in China, faster growth than the market and great profitability. You kinda lost credibility there.

Not all power is within the government, PR firms for example try to influence public opinion. Money buys their services. The media does the same thing, money buys their services too. Or what about paying a power plant to cut power to a competitor, why not? A non-government solution that only...

I guess that's a good point to think about. What are we fighting about? We're fighting about companies that wish to keep their monopoly position through non sense like patents and brands. Let the free market live! Mercedes-quality for a much cheaper price. Unfortunately that's not the only...

There you go! So few people seem to understand that "voting" with your money means that the top 1% who control a disproportionate amount of the money will have their way. The top 5% probably control over 50+% of the wealth, that's it! They "vote" for what's best for them. And if you use money...

I can't believe these people exist :eek: Creepy. Loving everyone is a hard thing, especially when humanity is retarded.

I don't know what you're saying, if you want to understand how to trade, you must understand how these computers act because they are the market. You can't simply dismiss them, and I believe the article is a very good one.

There's always a spread between short and long term government bonds, you're taking additional risk holding government debt for 30 years! Not really an arbitrage opportunity if that's what you were meaning.

Every political system has some form of exploitation, or else what's the benefit of being on top? The US has high taxes, which go to special interest groups, etc But in China you have a government that's hostile to you and beats you and forces you to work 80 hours a week in shitty...

http://watch.bnn.ca/squeezeplay/january-2010/squeezeplay-january-4-2009/#clip251902 This blogger explains quite a lot!

I always wondered this. I mean the 70s had 10% inflation, not 100%, not 3% like the rest of the last 100 years since 1913. It was something different, and as much as I want to buy the "Fed printing stuff" argument, they've always done that... To me the best argument seems to be that other...

http://www.youtube.com/watch?v=4n3LobCY5HE&feature=PlayList&p=6E71E4EDFAFE9562&playnext=1&playnext_from=PL&index=4

Global Warming IS a scam. Let us pretend that it exists and that the world is doomed if we don't do something about it etc etc, and what do you end up with? You have a completely corrupted carbon tax system. Spend 5 minutes on google and search for the many many failings of cap & trade, how...

I used to read Time magazine all the time when I was a teen, it was good and informative. Today, I read a few to check back on it, whoa, it was so bad. Crude reporting, softball subjects and questions. It had 0 journalistic pedigree, just a bunch of stories flattering someone or something.

Hot in terms of job opportunities. 55k isn't bad either for an entry position, true it's not super hot.

If you can predict what the next bubble will be in 4 years when you graduate, sure, do it. But if you can do that, then just leverage yourself up and buy the asset straight up and forget the degree. Petroleum engineering? I doubt anyone was talking about oil 4-5 years ago. It's the same in...

Gotta love the guy, good analysis he brings. But I really don't like these contrarian investors, any moment now! Dollar will go up! Ok, it hasn't. How big of a drawdown do these people have while waiting for the trends to reverse?

Except that colleges are a business! A huge business. I was shocked to find out for example that the "prestigious" MBA schools accepted like 500-1000 students a year, all about the $$$. And what can you do? You put on your resume "I read wikipedia a lot and go to the library" or do you put...

If you're smart, and we assume everyone on ET is, you should've had access to some scholarships. Furthermore, you don't choose the most expensive college, you choose the one that lets you remain liquid. That's what I did with my masters degree, no debt coming out of it and I have further education.