Search results

Yep, reminds me of sweet Mother Russia. Only problem is that the Soviet leadership found the opposition not to be as much a threat to its power as those in its own party. So, they ended up purging mostly each other and the peasants.

um...yes. Funny you should mention this. To be fair, though, the only difference between Bush & Obama are the special interest groups and Obama is advancing fascism at warp speed compared to Bush's more leisurely Texan pace...

Obama is a dictator in the making and you are his Useful Idiot. The hedge funds hold SECURED debt and the UAW holds UNSECURED debt, which means that the secured creditors will get something and the unsecured creditors will get NADA in bankruptcy. It doesn't matter if the hedge funds are...

No way. We have an entire government in the full flower of its coercive power and monopoly on violent force to ensure that prices only go up. They'll publicly execute shorts and ban selling altogether if they have to.

Exactly - although uni-directional moves with dying volatility are no help to traders. The only reason I worry about this vicious rally is that when the equally vicious correction comes (and I have a feeling it will as the government is even more in control of the economy now than at any time...

I have a very bad feeling about this market. are things really 36% better than they were on March 9th? That said, this stupidity (IMO) may continue for a while because of dumb money and earnings. I think a lot of dumb money close to the bottom as they just gave up and threw in the towel...

ooooph! That's even worse. If anyone had such a strategy, what would they gain by sharing a strategy with a 1,200% compounded annual return with him?

True. In fact, a lot of quants make very poor traders. But this guy isn't having problems with abstract quantitative concepts in mathematics. His problem is arithmetic and I've never met a trader who is successful (beyond short term luck) who isn't good at basic computation. Although, I've...

compounding is the least of his problems if he's having trouble calculating 1% of 10K. I'd be worried that what he's compounding is losses. Not trying to put this guy down, but losing money is much easier and more painful than making it and I just hope he really thinks about what he's doing.

Yep. The only trouble was all the characters were constantly mugging people.

The best advice I can give you is if you have this much trouble with basic arithmetic, you shouldn't be trading. if each trade is 10K and you expect 1% profit daily, then you will make $100 per day per trade. Multiply that by the number of expected trades. But if you have that much...

you mean good for borrowers. Lenders get screwed in inflationary periods because they are repaid in devalued currency - particularly lenders at the long end of the curve.

There's only one little problem with the Phillips Curve - it hasn't been proven empirically. In fact, the protracted period of low inflation and full (and increasing to boot) employment and the period of high inflation and high unemployment in the 70's sort of disproved it. Now if only...

I don't make predictions about the market, but it feels very bubbly to me lately. Are things really 30% better than they were at the beginning of March? I can't come up with a good argument for that. Rising unemployment generally means predictions of lower revenue by businesses and lower...

I lived in NYC for a long time and when I first got there, my entry level job paid far less than most of the people in the story were making. It's possible to live in a nice apartment and save - but you have to give up drinking in bars, going to nighclubs, movies and broadway shows and eating...

Well put. This will simply drive U.S. corporations out of the United States. There's no law that says a corporation has to be chartered in Delaware. Of course, there's another way to make corporations comply without the coercion of government - lower our taxes so that the burden is...

Exactly. Politicians are scum. All of them. It's the filthiest profession on earth.

You mean a guy who is massively long Real Estate believes wants everyone else to rush in and buy Real Estate PRONTO? Shocking.

It's not conspiracy theory, you nitwit. It's what Public Choice Theory (a branch of economics) tells us. Who says anyone is fighting the system? It's much easier to position yourself to collect regulatory rents rather than fight. That doesn't change reality - self interested politicians...

The president doesn't have that much power. Thank God. Basically, government has a lot of power to make things a lot worse but little incentive and even less power to make things better. The political class loves crisis for the simple reason that people are much more willing to give up...