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A little positivity-the securitization of various bank assets has provided for the more efficient transfer of risk. Of course, some of this transfer isn't working, i.e. CDO's, SIVs, etc. as these instruments are relatively new and liquidity is drying up. Still, the fact that there are secondary...

I think C is efficiently priced. I think any stock that is constantly talked about on CNBC and has tons of analysts and talking heads covering it cannot be a particularly good trade. As algorithm hinted at, Buffet, Ross, etc. prob. know more. Even then, they're not gonna make much. They just...

^well, the interest rate differential is closing. Second, Japan is finally easing out of deflation. Third, exports are a smaller % of Japan's GDP than before (right now at 15%). I would no longer extrapolate relationships from the past 20 years into the future. In fact, I personally believe...

my GPA is just under a 3.0 at the moment. My school is notorious for tough grading, and is ranked very highly now adays (#1 in Canada, #12 in the world by THES). Still, there's no on campus recruiting from NY; talk about provincialism. I'm good at sales, BTW. And I have an intern offer from...

^That's my point-the spread on U.S. and Eurobond may close...Right now, U.S. 10 yr. sells at a premium. I'm saying that if we continue with mismanagement of our currency, this could change. In the current stagflationary environment, I wouldn't want to be stuck with an instrument that barely...

Not a bond trader, BUT my long term macro prediction is that 10 yr bonds are NOT a buy. I believe increasing risk premiums for U.S. debt/exchange rate fears coupled with liquidity preference make 10 yrs. seem overvalued at the moment. What if OPEC nations start buying euronotes, as some have...

Again, my point is not that the fed. is ideal-I'm very much against a fed. reserve bank having monopoly power over the issuance of currency, and I think FDR's abolishment of the Gold Clause was unconstitutional. Still. Come on. There isn't a secret island with trillionaire central bankers...

I should add, Seingiorage is only 1% of govt. revenue in the U.S. Compare that Italy or Greece where seingiorage hovered around 10%, or countries in Africa where seigniorage is close to 100% of govt. revenue. There's a lot of people on this site who find hysterical conspiracy theories...

This post proves what most already know: daytraders are superstitious, uneducated fat losers living in their Mom's basement watching old X-Files episodes. That said, I do think that the Central Bank causes more problems than it solves. They do hide debt by simply printing more money, and...

check out the formula growth fund. I like their methodology as it doesn't rely on strategies that are susceptible to blow up... They have a real good, long term track record.

^word.

Just a little academic input, ignore me if you wish- If you derive your income from a type of investment vehicle or sector, you want to invest in assets that aren't correlated, i.e. you would underweight investment in actively managed securities, since you do it for a living. Even though...

normally long run macro predictions are foolish-economists use models with little predictive power in the real world. The one macro prediction that I believe has serious merit, and one that I made (and published a paper on 2 years ago) is the inevitable rise in risk premiums for all USD...

^ 1. I don't smoke weed. 2. Some aspects of financial economics are not experiential. Doesn't matter who I am. If I present some a priori mathematical principle, what does my screen name, my experience, or your experience have to do with anything? Nothing. 3. I don't have the GPA to get into...

I'm sorry, but all this nonsense about "just be profitable regularly-look at the daily outcome and not your overall process" is why most traders blow up suddenly. You could make daily amounts shorting volatility for years, and then lose it all in a matter of seconds, since it's a negative sum...

I'm long shares of ABV in my long term portfolio. They sell Brazilian beer. Nuff said.

^scuze me?

No. I go to school at McGill. I was just saying there's a lot of new money in that area.

yeah, I might end up going the route of financial advisor in Canada (where I'm at)...they don't allow discount brokers, so you have to go through a full service broker/advisor; thus they don't have the flight to online brokers you see in the U.S.....plus, a lot of money is being made in...

^Man, I wish my GPA was higher. I have a feeling I'll regret it for the rest of my life.