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my fear is that the next administration will go over board on regulation however. if they lump the retail futures and options crowd in with the swaps that caused the probs, I am out of biz! would have to go overseas, along with billions of other dollars.

You are saying that an amount of derivatives outstanding estimated to be worth 10 times the value of the entire Earth is too much? yep, totally ridiculous (550 trillion est.). good this happened now however as it would have just continued to get more out of hand.

depends on your definition of "fiasco". The bubble, which was a record RE bubble BTW, WAS created by: 1) artificial rates 2) loose lending, encouraged by the Federal Gov. this became a global nightmare due to the ridiculous risk taken on via derivatives. the underlying problem...

I personally don't want to give up my US citizenship. I have lived all over the World, but the US is home, and always will be. HOWEVER, if I was to do it: 1) the Marc Rich method. Move assets abroad, and then tell the US to fuck off. Don't come back. 2) The Canadian method. If you...

Not as much as ZZZZZ. That guy pumps out more anti republican rhetoric than the DNC, and posts it all on ET! Sorry this off message, but it is truly astounding how much time some people spend researching their own views on the net, and then feel the need to post them.

I don't know. I didn't actually get that far when I heard what a hassle it was going to be.

USVI corps pay to the USVI instead of the USA. This is one of the only places in the World where a Yank pays income tax to the territory instead of the IRS. Yes, the rates are pretty much the same on purpose, unless you employ 10 locals or more, then you can be setup to pay a 10% rate. The...

nope, illegal. you have to be a resident there. the IRS recently busted a bunch of NYC residents doing exactly that.

If you are a Yank, you are taxed at US rates anywhere in the World you live, unless you are taxed some place else. I've tried avoiding taxes, and the best I've found is to setup in the USVI, where you actually pay the USVI instead of the USA. They have some biz rules where you only pay 10%...

Make sure you do your due diligence with any of the smaller firms. Check who they clear through, and take a look at the NFA website for any other problems the firm may have. IB certainly has problems, but they are rock solid financially, conservative in their trading policies (high margins)...

Yup, pretty much the bullseye of the problem right there. We ain't going anywhere till a good chunk of debt gets repaid. Need to suck up a lot of excess housing inventory as well. Builders produced for a market that included speculators buying a half dozen homes at a clip. Price is not the only...

ditto. i agree completely.

that's why I've been mostly a pure technical commodity trader since '87. Don't think about it, just use the charts.

I tend to agree with Achilles on most of his points. We in the US are consumer dependent. Good luck! What is going to drive us forward quicker than a snail after all the Gov intervention stuff stops, which it must eventually? We can't use artificial interest rates and debt next time. We...

Absolutely agree. You can't just yank the troops out at this point however. Major progress now being made (many other threads on that). It'll take awhile. My point was however that our current tax system is very effective, leave it be. We need to stop changing the tax system every few years...

only way i see Mac winning is if Repubs have something really ugly on obama they've been sitting on, but they would have released it by now. this gay party thing is nonsense.

Clinton came in just as the tech boom started, and left just as it ended. THAT was great timing, not policies. but back to the point of cap gains. the rest of the world had much higher cap gains then. Most counties have significantly lowered cap gains since then for a reason. Plus, maybe you...

No wonder you lost so much money. You are completely blind and gullible. Unprecedented banking crisis in Europe. They are in full on panic mode. You've obviously heard of our banking nightmare. The amount of derivative debt, much of it worthless now, is 10 TIMES the value of everything on...

You've got to be the all time worst economic analyst. Maybe you are Kudlow using an alias? We aren't going to collapse, but its going to be a long and painful process due to the massive debt to work off, housing problem, and no catalyst in sight to yank us out quick. Now if we had some great...