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You are investing. You are giving your capital to someone else who is taking on risk in order to make a return, and you are getting a return on your money. What other definition of "investment" is there? With any bank that has a federal deposit guarantee, you are taking on very little risk...

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well, aren't you clever.

I didn't know that welfare was so big there. Seems there are a lot cheaper places to live if you just want to suckle the gov't teat. I always knew that Frisco spends a ton on homeless. Here's a charming little story about a homeless fellow in SF named Joe Dinovo...

OK, I repeated. Can you now tell us why?

I've lived in California, and I always wondered where the hell does the money go? Property taxes are low, but high state income tax rate, the highest sales tax in the country (10.75% in some locales), high taxes on gas and cigarettes and booze. Terrible roads, the worst I've been on in the...

It sounds like the guys with a whole bunch of money, the big players and market makers and HFT shops, did exactly the right thing. They knew that if the market goes down too much, stop trading, stop providing liquidity, because having trades busted becomes a possible unknown. We, as little guys...

I think I'm getting it now; the light is coming on. The goal of the investor has obviously always been to put their money into the highest return investment. But when inflation is present, it amplifies this effect and puts pressure on the consumer to spend on things they need now and in the...

Because as we all know, the best time to create law is right in the middle of a crisis. Let's not wait for the dust to settle before we start legislating on how we can fix it next time. We don't need to know for sure what the failure was, or wait until the academics can reflect and draft a...

Zboy, Angrycat, This just went from a good thread to a great thread. I like both of your explanations. I completely understand and agree that inflation kills those on a fixed income, and destroys the incentive to save. ("Save" being used in the common sense, like putting money into a...

Can I stop you right there? I've heard that inflation is a tax, but I don't figure how. We as (relatively) free citizens have the right to indebt ourselves as well. If I take out a huge 30 year mortgage, I'm hoping for some inflation just like the gov't. I can also beat inflation by...

But stoploss orders are dumb enough to sell a $40 at a penny. If you are a big HFT shop, you are going to use multiple servers, at multiple locations, on multiple exchanges, through multiple brokers. You decide to manually pull the plug on your computers, and as you are unwinding positions, you...

Will this audit become public information? Or will some Senate sub-committee look at the numbers and just tell us "Everything's fine. Nothing to see here. Move along now."

Starvation is a disease of the poor. Banking solvency affects the monied.

True. If you started working at 15 and retired when you were 65 at a job that paid an average of $20k for each of those years, that's 50 yrs x $20K = $1 million dollars. $20k a year in 1913 was a princely sum, so "Let's tax the rich!" Today it is a starvation wage. That's how the lawmakers...

Is there an ETF that only holds the S&P components that issue dividends?

Jesus you got crazy lines all over those charts. It looks like my 4 yo step daughter got ahold of them with her magic markers.

If someone is smart enough to figure out how to place a $7.5 million trade that brings world markets to its knees, they deserve their profits. Also, we ought not piss them off. And that's the real irony. She knows exactly what it means, did the song that way on purpose, and your head just...

Damn fine article.

How long have us conspiracy nuts been saying that this market is protected from any downside? (see Greenspan Put / Bernanke Put) They are just codifying into law policy created under Reagan.