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The "well regulated militia" clause. If it doesn't mean anything, why is that qualifying clause there, whereas there aren't any qualifying clauses in the First Amendment? Despite that, we have libel laws, for far far less reason than we have regulation of firearms. Bill Buckley used them...

Compared to what?

No. Slack. If you got it, no inflation. If not, you got it. After WWII, there was a ton of slack: the big worry was that we'd return to the unemployment of the Depression, with the demobilization of millions of soldiers. Fortunately, that didn't happen. But that slack is why there was no...

You guys are so ignorant you don't even know what you don't know. Wotta display of utter, complete, absolute idiocy. The Port Authority is.... ....wait for it...... .....a self-financed, shit, it makes a profit, you asses...

Legal, taxed. Simple solution to what they want you to think is a complex problem.

You're long volatility. The whole point here is IF the IV is low as compared to normal, or normal and you have a good reason to think it should be higher, buy a strangle/straddle. It's delta neutral and very sensitive to vega. If vol spikes, you'll make money. You have to treat the WHOLE...

The question is whether public sector debt leads to inflation. If that were actually the case, there should have been a massive inflation immediately after WWII in the US. But there wasn't. Doesn't stop everyone from absolutely categorically stating that it will happen, though. Just another...

Ed Breen is correct; the Fed has never, by their own admission, been able to increase credit if the demand for it isn't there. Folks who know finance know they deal mostly in hocus-pocus. History shows how powerless they are, yet over and over people hang on their every word like it makes some...

You're right, but I don't think for the reasons you seem to think you're right. I could be misreading you, so I'll just state what I think simply: if a place is an attractive place to invest AND a foreigner can develop reasonable confidence that a) over a reasonable timeframe he won't lose a...

http://www.latimes.com/news/politics/la-pn-not-today-supreme-court-ruling-on-obamacare-still-pending-20120618,0,1361423.story

In the immortal words of the late great Ed Hart: "Equity is freedom." He said that while talking about people who were doing 2nd mortgages to take out the equity in their homes back in the early 90s, (which was a kind of dress rehearsal for today's economy) like, as he put it, "they were afraid...

Yes they will put a happy face on this so they can all go to the beach in August. In Spain and Greece as well as the Riviera. I mean, of course. They may be foolish, but they're not crazy.

Exactly my experience with my wife. Just refi'd down to 2.875 on a 15 year, and intend to pay more than the monthly principal on it.

Simple way of thinking about it: when you buy a house, you're shorting the USD (or the GBP or EUR; whatever). You're borrowing the currency, buying the house, then paying back the currency loan over a period of time, and making the bet the currency you use to pay it back will be inflated...

Yes he was. Walking while black. Lots of people in NYC get stopped and frisked by the cops for this very thing.

The bridge analogy had to do with the overly simplistic economic model followed by the Austrians & Monetarists, where debt doesn't figure: the Austrians consider it Original Sin and want to get rid of it, the Monetarists just ignore it. In real life, debt is omnipresent. A product is delivered...

Such an optimist. Many species? In the oceans, it'll be most. The chain reaction on land won't be pretty, so on land you can at least say the majority, but it's like trying to figure out the endgame to the eurozone crisis; the standard error width is pretty wide.

Y'all know my pet peeve on this subject from before, so I'll simply quote the end of that article with no further comment: [/b]

The bit about transferring amounts just under the 10k reporting threshold is interesting, in that it shows a certain awareness of these things you wouldn't expect in an ordinary moke from the middle of Florida, a, but b, shows they didn't know the laws know about dumb mokes trying to be too...

1. This belongs in Economics. Why'd you put it here? 2. Keynes understood risk. The others only understand 1+1=2 (well, Friedman understood 2*2 = 4, at least. But he got into deep water at Statistics 101). But a large economy, like a suspension bridge over a big bay, has problems a wee little...