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Intrade: Romney down .04, Obama up .07. So far. I might join just to put in a limit order on shorting me some Romney. As for Congress going to the Reps, oh man. Half the country still hasn't heard about Ryan or his plan (I just had to explain this one to my wife, for instance). Wait until they...

You do realize that in the one race where the Dems made Ryan's plan front & center they defeated the Republicans in a district they hadn't won in a century or something like that? Romney will be lucky to get 40%. Batshit crazy is an understatement for this one.

You guys obviously don't know this, but among the working class, Republican Presidents have an overwhelming rep for starting recessions. This is an accurate assessment, going by the numbers you guys keep saying they don't understand. Someone indeed doesn't understand, but it's not them.

Drats! Beat to it by the automatic weapon!

:p :p :p :p :p :p :p (Don't need words for this one.)

Well, we'll see. It's unfortunately true you can't control the politicians, they'll do as they please and justify it after the fact with whatever comes to hand. As for the Fed, who can actually do this (monetize the debt) at will, they need to be merged into and placed under the supervision of...

There is no chart of what happened under Hoover that I could ever dig up. But the past nearly four years since the bankruptcy of Lehman in Sept 2008 have been as classic an illustration as there is of the diff between following classical economics and Keynesian. The crash of '29 happened six...

....was wondering the same thing. Bizarre.

In the long run we're all dead. Guess who said that? Why would you think he would have thought otherwise? Keynesian economics isn't meant to be some all-encompassing theory, like Marx or Hayek. He had no such pretensions. He was writing about how to solve a specific, practical problem...

...re being married and taking out an option, mayhaps: better cheap than free?

The International Financial Situation is desperate, as usual. Play it where it lays, swing through.

Just remember that, all else being equal, gamma will be going up as you get closer to expiration, meaning that if it goes in the money, your losses will pile up a lot faster. At minimum don't sell em naked - use spreads. Being short gamma is a dangerous game.

Silly thread. Any urbanized country will necessarily have some sort of social safety net in place for the simple reason that in bad times an unemployed urban worker can't, literally, feed himself if he has no job and no money. So in practice, in the actual real world where we all live, some...

Regardless, I think at this point Zynga should have the decency to rename Farmville Suckerberg. Both because of Facebook's IPO and theirs. Between the two of them a very large chunk of money went straight down a black hole.

Stayed down for thirty years last time, from the thirties to the fifties. It wasn't until the late fifties/early sixties that stock dividend yields dropped below bond yields; part of the reason was that bonds yielded so little. You may be living with this for a very long time.

I actually like to read all those stories here, although I find them elsewhere. As previously suggested elsewhere, keeping them in one thread would be cool. As also previously noted, a mod should have "suggested" this solution a while ago; it would have gone down a lot better and it would have...

On the eleven to twelve hourly bar yesterday, ES's low was 1349.25, just a bit south of 1349.5, the level it settled at at 7AM on 7/26, just after Draghi opened his piehole. Buncha shorts doubtless covered, buncha longs gave up. Straight up from there. Had the NFP been a bad one, they...

Actually, according to the article, a while back. And as the article more or less shouts, you can tell when it started too. You'd have to be unbelievably naive to think Assad's regime is crumbling because of an entirely indigenous movement unassisted by powerful outside forces. You'd have to...

Birds of a feather? (also, you sure you're not The Tin Man/Scarecrow/Cowardly Lion? You know what I mean, I'm sure...)

Not referring to you here, but to that other guy, the original definition of idiot, in Wikipedia, which got it right for this one (and yes, the SC's purpose is partially to ensure that individual flaming examples of same who can convince a mob don't thereby restrict or destroy the rights of the...