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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    The bears are staying too late like always. Do they never learn? If this wasn't enough of a disaster that all the bears were expecting, what do they want? I mean, come on, the market priced in armageddon already, they need to cover their shorts. For the market to keep falling at this point...
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    Will you pay 27 bucks to go see Jim Cramer speak on Weds?

    Why not? It's 27 bucks. To me that's nothing. There's a chance you could meet other traders there, or you could just have an enjoyable experience. Unless you absolutely can't stand the guy. It's not like you have to peel a c-note off your wad. I'm not going, I don't live nearby.
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    Bloomberg: Worse financial crisis in 1600 years

    What a huge exaggeration. Most of us still live in a home, have heat, a car, a some money in the bank, food on the table, enough to eat to get fat. I'm tired of all the negativity. This article definitely marks the end of the crisis. It's like a competition for the most negative hyperbole these...
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    The economy is booming

    Unemployment at 6.7% is not that bad. Europe has had a consistent unemployment rate around 8% for years. You guys need to keep things in perspective. In fact, until unemployment tops 10% there's not that much to worry about. The main bulk of the layoffs are from financial institutions. Now all...
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    Must Be The PPT...

    Not the PPT, look at the pop in Eur/JPY and USD/JPY. This is real buying by foreign investors.
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    The economy is booming

    I love the pessimism, almost everyone is drowning themselves in negativity. Wake up, look around, and take advantage of the amazing opportunities right in front of you. I have personally been making bundles of cash in the last month. To me, that signifies things are getting much better.
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    The economy is booming

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    Taxpayers' "investment" in bank bailout loses one third in one month

    Most of the money is in preferred stock receiving a 5% annualized interest rate. Of course the warrants will be underwater 1 month after. But in 5 years, the gov will have a lot of extra cash to burn.
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    How to profit from the loss Venezuela and Russia will take?

    Short the Ruble. XRU, it's illiquid, but the only one I know of.
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    Great Depression price of Gold?

    Your analysis is overly simplistic. There were many causes of the prolonged rout in growth. But the main causes of the food shortages and bread lines that created the mystique of the GD were: 1. fed raised interest rates, tightened money supply to defend the dollar 2. smoot-hawley tariff act...
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    Great Depression price of Gold?

    How are we heading for the great depression II? The major cause was the US trying to export its overcapacity with import tariffs, which caused a worldwide trade war. This time is very different, with a worldwide monetary easing.
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    The economy is booming

    I have a neighbor that's planning to walk away too. This is definitely a problem that can be solved easily with legislation that makes the penalty very big. In europe this is impossible. If you walk away, your wages, or income is garnished for life until it's paid off, even if you don't live there.
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    Impossible to find a real pro with a real edge as a mentor?

    I don't believe in "systems" to trade the markets. I find that doing your own in depth research, combined with many years of experience watching price action is what is truly needed. This year proves that quant traders blow up just like any novice. The guys that have stayed in the game are the...
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    The mother of all shorts is building: 30-year T-Bond

    It will eventually ease, but the fed is in control of that market at the moment. If you want to short now, you better have a large account to withstand a massive drawdown. I think it's due for a small retracement, but until the economy gets better data readings, the fed will continue to hold it...
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    Canadian Politics - Beware America you never want to be socialists

    It sounds exactly the same as what's going on in Washington. Funny, Europe is also doing bailouts for the auto industries.
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    Price for used Ferraris, Porsches, Penthouses etc

    You should look for stuff like this in Russia. The oligarchs got destroyed.
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    Buy 30 year treasuries

    I closed the rest today. Getting at the 3% level. I'm not sure when profit taking will happen, but that seems a good level. Get ready for a sell off soon, coincided with a massive stock market rally. All those inflated dollars will flood into the stock market and economy. Banks have been riding...
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    draw in crude..

    Every time OPEC cuts production, there's known excess capacity that traders can discount. The reason for the super spike was partly a fear of peak oil. Now, the market can discount each cut into the future. Second, with the talk of more fuel efficient vehicles coming out from automakers around...
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    Will GM BK Unleash CDS Tsunami?

    The government will not allow GM to fail. This whole delaying game is smoke and mirrors. They want it to seem like it was difficult to aquire the bailout. It's a show for the public.
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