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http://www.bloomberg.com/news/2012-06-22/wash-trading-by-high-frequency-firms-said-to-face-u-s-scrutiny.html "“Market abuse is not fundamentally a function of the means, speed or frequency of order entry and transactions,” according to the summary. “Focus should be on specific behaviors...

"..... Debt can be expanded at a rate that exceeds the rise in real income in only one way: by lowering interest rates so the same income can support a larger debt...." From: http://www.zerohedge.com/news/charles-hugh-smith-why-debt-dependent-status-quo-doomed-one-chart This is an answer...

Inverted tax system. Hmmm. Taxation tends to change behavior to lessen the impact. How about a tax on being poor or on entitlements received? The poor could then use tax accountants to lower their tax liability. (One post noted poor money management skills.) The rich would hear "sorry, can't...

Yes that is a good fix. Both seemed to work for a while. It's not clear what changed exactly, but you have a good point.

Fair enough. The people who moved here came for a better life. Religious freedom, lower cost of living, and a supposedly classless society were big incentives for what was a big step for many. Europe was much more class controlled and socialist even back then. I agree freedom and a change...

Sorry for taking a while to get back to you. I got stuck in Salmon Arm behind the Sicamous floods. Mom will be moving into a seniors home. That has been my first priority. I had a friend trying to get me to invest in Detroit housing for 20000 a pop to rent out. Now it is likely 5000 a pop and...

Perhaps he read it in the first thread I initiated where I wrote that it was ALWAYS a myth used as a carrot for the middle class. Both Capitalism and Socialism are failing, what's the next big lie?

Funny. Thanks.

Hopefully, my past posts on HFT have made these points clear: I don't care about HFT in my own trading methodology. I don't use liquidity as an edge. I am not 'ticked' off in my trading - pun intended. I agree that there is little difference and the market is evolving. I am naturally...

"unreal" liquidity to me would be orders that show up on slower software as a steady bid/ask size, yet are being continually updated and changed on a faster time scale. Is that what you mean?

I had an interesting conversation with a former Vancouver BC prop trader who said after years of doing quite well, the methods he was using began failing spectacularly in fall 2011. He blew out his account and is now out of the business and disgusted with the whole trading scene. My thought...

LOL. True enough.

Excellent comments. I wonder if the process we are going through is inevitable as the economic power shifts from the US elsewhere. In the last depression the UK lost and the US won. Perhaps that is just that is happening now.

I agree with your comment on asking for something far worse. Iceland and Latvia are exceptions. No bank would tell a homeowner in hock to them without the ability to pay to spend more in the hope that they would eventually be able to borrow their way out of debt. If we think that is different...

I have said before HFT is causing changes and I like all other such changes, will be eaten by something worse yet eventually (at which point expect the HFT people to squawk about unfair practices), I have to support Clubber's comments completely. Clearly a national fair price can't exist...

So everyone. Once we begin to understand the issue, I am more interested in the solutions. I do believe they exist. So, What is the precise locus of the issue and what steps can they take to correct it? For example, Greenspan noted a troubling issue for me as well (Ben is Greenspan's...

Ed I need to read more of your comments than I have time for right now. I am away for a while helping my mom out. I may be intermittent (much like my internet connection!) for a while. Thanks for your contributions. To those who doubt the above comment, time the precise intervention times of...

Let me turn your question around a bit. Real estate has been balanced by other sectors. I think that is largely true. However, if I had told you in 2007, that deficit spending would increase by as much as it had, that interest rates would be effectively zero, that student loans had increased...

All trading is about trading reality in the face of fantasy (fair value). Monetary deflation is reality and the power of the FED and the government to ultimately conquer it is the fantasy in this particular situation in my own view. Another take is that it is about the fringes (the...

So ...... continuing on with the analogy. What effects do interest rates have on the balloon? Where does the money for interest paid come from anyways? We all used to grow food and barter before the money pumping system came into being. Now we have a derivative (money for that) for it...