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    Anyone having trouble with logging in with IB 8/20?

    I am also on time warner in san diego. I need the port range for TWS so I can tell them to unblock this.
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    July 2009 Jobs Report

    Jobs are jobs. People that make incomes have money to spend. Eventually the cyclical stuff improves. What's fascinating is if you look at the job loss trend, it isn't a stretch to assume we might have slight job growth numbers within 3 or 4 months. And within 6 months, real growth, not just...
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    should most analysis be discarded as it is "too much information"

    Most 'analysis' should be discarded as based on faulty assumption.
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    bonds market. What was that?

    60/40 is all you need? Ever hear of risk:reward payoffs? With good enough payoffs 10/90 is decent.
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    US 5yr Bond Auction Effectively FAILS

    What an *** who doesn't deserve the podium he's given / made for himself (amazed he got himself on CNBC). 75B showed up to be tendered. Yes, it wasn't a record 96B last auction, but look over the history and the results are definitely inline. We're selling an aweful amount of debt, and...
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    Nat Spreads

    bloomberg usually has an article out the day before citing expectations. tradethenews.com posts the expectations after the number comes out. Bentek's website usually has something.. Regardless, the move after the number is so unpredictable the only 'safe' bet is to not trade anytime 2-3...
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    Summers said the rebuilt U.S. economy must be more export-oriented

    unskilled labor is one of many factors of production. skilled labor and plant capital are key, and explain our productivity levels. You don't need to devalue 95% to achieve what we're talking about. And that is because our productivity levels blow away developing Asia.
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    Summers said the rebuilt U.S. economy must be more export-oriented

    If he really means this, then he should proudly say F-U to China and devalue the currency promptly to 2.00/euro. We'd see price inflation near term, but the long term effects would be very job beneficial.
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    Near Vertical Assent No Retracement.

    Why? We've moved 80 points down and have been consolidating here forever.
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    Is bad credit a character flaw?

    Would you hire Trump to work for you? Sounds counterproductive.
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    I thought I better post this because austrian economics is so popular

    I don't think it works there either. Academia has discounted it as a crackpot cult who is too stupid to be able to use even the simplest math. Austrian political economy is probably a more accurate description.
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    Doctors In Financial Trouble: Many Selling Their Practices & Switching Careers

    To me it sounds like rent-seeking in the world of litigation and legislation (a world dominated by JDs) has found its way into the excess economic profits doctors have long enjoyed. If it were not for the hospital/insurance related regulation, inherent market structure, and malpractice...
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    I just cannot stand when people try to argue about the economy

    Try to find a university professor who can tell you how to control the effective credit multiplier in our banking system.. (not simply set the maximum multiplier) Hard science or not, no one out there can even answer that question in a manner that will relate to a practical solution without...
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    Krugman Warns Obama that He'll Face 1937 w/out More, Massive Stimulus

    When you make the 'business' in this case 'government', there are plenty of circumstances where deficit spending achieves positive results. ie WW-II was a deficit spending project that dwarfed this one in real terms, and it led to a generally increased period of prosperity. Same goes with...
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    Krugman Warns Obama that He'll Face 1937 w/out More, Massive Stimulus

    This is the interesting point. In my eyes, wealth is defined by things. In a way, no wealth has been destroyed. Who owns it merely has changed. Just a shift in the balance that defines the value of monetary assets versus nonmonetary assets. In the end, control over nonmonetary assets is...
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    Krugman Warns Obama that He'll Face 1937 w/out More, Massive Stimulus

    I think he does consider it. The dollar needs to weaken -- its strength is handicapping our competitiveness on the global market. And last I checked US govt debt is in a very manageable position. The govt is selling a hundred billion or two a month and the thirty yr yield is at 4.3%...
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    Krugman Warns Obama that He'll Face 1937 w/out More, Massive Stimulus

    The only way out of this mess without a transfer of power from the current capital holders to a new group is that we print a whole crapload of money. I think another 5T will do the job. I'm with Krugman wholeheartedly. So many libertarians think they are clever bashing him on the basis of...
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    •Fed's Yellen Says Rates May Stay Near Zero for Years, Recession `Serious'

    Not until the price level (wages included) is decidedly higher, where real debt burdens are meaningfully reduced [driving up marginal consumption propensity), will we have a solution which allows Fed to walk away from zirp.
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    •Fed's Yellen Says Rates May Stay Near Zero for Years, Recession `Serious'

    He's just a TV personality (entertainer) for heaven's sake. No-one that matters cares (to hate) what comes out of Kneale's mouth.
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    steve jobs liver transplant. the power of money.

    ??? Free markets only deal with efficiency, not fairness. If you define efficiency as implicitly fair, then I guess you make sense. Otherwise as an example, why should a trust fund alcoholic be more entitled to an organ transplant than an honest hardworking person who contracted some sort of...
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