Search results

Yeah, their market is at a record high. Trade sanctions could spook them pretty bad. That in turn might spook our market.

They don't have any account history screen you can look at? Its pretty obvious your account was hacked into, otherwise, given that its a cash account why would a position be sold without your knowledge? At least is was only $2200. Could have been much worse. Let us know what they find...

Margin debt is even higher than in 2000. Many people and funds are leveraged up to the hilt trying to maximize returns and squeeze the shorts. It can continue until they decide to pay back the loans. I think we saw it when the yen went to 116 or 115. As soon as the yen started gaining...

Its a race to the bottom. Sometimes I wonder why they keep building all these shopping malls here. Every one has a Target or WalMart or Meier or something, and a bunch of fast food places. They build another on every major corner. I wonder in the long run, if the dollar declines, and we...

Slippage is a worry if the position size is more than 1% of a day's volume. Also there is the inherent risk that if something screws up, you lose 30% of 100% instead of 30% of 10% which works out to 3%. My wife freaks when she sees the statements and I scream at the screen a lot, too...

That's a depression.

Tighten credit to kill inflation causing recession and decline in demand. That's what Volcker did and it was very painful for a few years, but worked. Unfortunately, it might not be a good idea when you have a huge debt bubble and deficits out the ying yang, because it means its likely the...

No offense, volente, but 1) many people that used to qualify won't now because they have tightened credit 2) many houses are no longer worth what they were when they were bought, so the lenders won't want to lend on them unless you give them the difference in cash 3) some people took...

Well, if you think that's bad, imagine they get rid of THEM because THEY are "highly paid", and they hire minimum wage people that know absolutely nothing instead. Given your example, it sounds more like they need to reduce the NUMBER of people and fire the manager that hires those kind of...

There are better ways to accomplish it than that. What kind of message does that send employees? What kind of message does that send customers? If things are that bad you either cut people or cut pay or cut benefits or cut other expenses, or some of each of those. I'm not going to...

Its only California

Too bad it wasn't a joke. The CEO needs to be the first one out the door.

People don't walk away from homes because it becomes worth 20% less. They are there because they live there, so if they can wait it out, they will. Those who have adj rate mortgages, that's a different question. Many won't have a choice as rates reset higher on them. Long rates are now...

Better that they convince the President, Congress and the people to act in a fiscally responsible manner than the alternative.

It isn't that he said nothing. Its that everyone heard the part they wanted to hear and disregarded the rest.

Thomas Jefferson said: "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up...

IMO they will quietly print more money and credit (that's why M3 is no longer reported), at the same time as saying they are focused on fighting inflation. As long as these other nations keep accepting and holding the IOU's its the path of minimum pain. The question is what happens when the...

What amazes me is that people are surprised at all. The last time we had a credit boom where everyone made their fortunes in the market, and borrowed and consumed ad infinitum was in the 1920's. "But this time its different" Yes, it is. This time, not only did the people borrow and spend...

exactly

That would ASSume the real inflation rate was lower. Sorry, its not. It would also ASSume our government can pay its cebts. Sorry, it can't. The only way it pays its debts is to print more money to pay it with. And that in turn causes more inflation.