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  1. M

    EXPLAIN: How is economy in depression state with only -2.5% GDP

    Bingo we have a winner. No conspiracy theories required.
  2. M

    Germany to prolongate short-time work regulation

    Germany's government is subsidizing otherwise unprofitable jobs for years, delaying a big clean-out. Germany will not pull anybody out. They're buying time, hoping that their old deficit friends (USA, UK) continue to buy their exports on new debt. If that bet backfires they're back to square...
  3. M

    TBT still falling

    The bond bears have been predicting yields going to the moon since the early 90s. Every single bond sell off was the supposed to be the start of a secular bond bear market. I'm still waiting. JGB's yield 1-2%. Since a decade or so. Shows that nothing is impossible.
  4. M

    Long term value investing

    Some random starting points: * read Buffet's letters (http://www.amazon.com/Essays-Warren-Buffett-Lessons-Corporate/dp/0966446100 + http://www.berkshirehathaway.com/letters/letters.html ) -- especially the older ones, when Buffet was more of a trader because he could be more nimble with less...
  5. M

    Does gold need a breather?

    A 1969 Ford Mustang is technology and safety wise about as good or bad a car as a $7,146 Chinese garbage car you can buy today. So if you had let your $2,200 sit in a bank account and collect interest for 40 years you could buy a car today that is at least as good if not better than the car...
  6. M

    Chris Pia: Gold to $1300

    Hey at least the guy doesn't put all eggs in one basket and nicely diversifies his bets! He forgot long emerging market stocks, should add some further diversification :cool:
  7. M

    Does gold need a breather?

    Dollars have paid an annualized 3% of interest (before taxes) over the last 40 years.
  8. M

    Convertible Bond Trading?

    Obviously this Wolfgang guy is a troll. This is a wind up thread, he's probably laughing his ass off.
  9. M

    Bank of England King Says He’s Concerned Over Bailed-Out Banks’ Move to Trading

    King should have stayed with his "No rate cuts until 2010" call from 2008 :cool:
  10. M

    Brazilian President Lula warmly received Iranian President Ahmadinejad

    The US should consider invading Brazil. It might be harboring terrorists and cooperate with rogue nations :cool:
  11. M

    Palm Oil to be listed on GLOBEX in 2010

    http://www.bernama.com/bernama/v5/newsbusiness.php?id=454014 "Malaysian CPO futures are expected to be launched on the Globex platform by the second half of next year."
  12. M

    GDP better than expected??

    I can guarantee one thing: If GDP comes in on the high side then within 12 hours there will be 1,000 articles on the usual blogs explaining how the government is willfully manipulating inflation data and therefore quarterly GDP was actually -8.6% in real terms :cool:
  13. M

    Does gold need a breather?

    I think the "top picking" and "it is too extended, it has to correct now" psychology is exactly the same, regardless if something has an industrial use or not. That doesn't mean that gold will necessarily have to follow oil's move of 2008, neither up nor down. Still helpful to look at oil from a...
  14. M

    Does gold need a breather?

    People quickly forget how many got burned and buried trying to pick a top in oil 2007/2008. Don't short stuff that's going up. If anything, buy put options, then all you can lose is the premium you're long. When (if ever) gold unravels, there will be plenty of time to establish outright short...
  15. M

    Extra cash, what to do with it????

    Buy gold :cool:
  16. M

    paul volcker?

    The conditions - record low household and corporate debt levels - were very supportive of real economic expansion and these were independent of Fed policy. In fact, it took two generations or so for household debt levels per capita to come down that far. Had consumers and corporations been in...
  17. M

    Unemployment Map

    You mean like all the white guys running Wall St?
  18. M

    What kind of percentage return do you get per day?

    Sure, about as easy and consistent as somebody who keeps betting on RED at the roulette table and keeps winning and doubling his money round by round. Until he loses.
  19. M

    'Greatest Trade': How You Can Make $20 Billion

    ... and could deliver losses that top potential gold losses should the idea backfire :cool:
  20. M

    Howard Lederer: On Poker and Trading

    I disagree. IMO, both reward discipline first and foremost. You bet aggressively only if you have reason to believe that the odds are strongly in your favor.
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