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    Death Of Capitalism

    "Fuck this country" ??? Get out. Your tax rate is determined by an elected government and unlike Cuba you can get on a boat or airplane and leave if you don't like it. With even higher tax rates than we have now the economy became the largest in the world and accounts for almost a third...
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    How to fix Social Security

    as you said the real 800lb gorilla is the medicare budget. if i'm not mistaken there are several studies out there that show it would be rather easy to fix the ss issue with a 1-2% increase in the tax rate. i think they said it would make ss solvent for another 30-40 yrs or so. you'll get your...
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    "I Am A Market Maker"--The Quote

    riskfree- one reason that not all market makers have not become computer traders is that there is a different skill set required. someone that made option markets on the floor for years would need the software capabilities to make option markets and some don't want or have the financial need to...
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    Ever wondered what are the *real* inflation numbers?

    the shadow stats guy has an undergrad degree in economics. there are plenty of blogs run by ph d economists and if you spent a month looking at several each day you wouldn't find anyone discounting the methodology like this guy. the computer you posted and he runs his website on would have...
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    Buffett, ignorant on economic theory?

    Buffet went to Wharton and then got a masters in econ. @ Columbia. So there's a rich economist for you. Warren Buffet. As for the original inflation prediction by Buffet- the government used to be able to inflate in order to pay the bills. Once taxes for individuals were indexed to inflation...
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    My backtested system consistently beats the S&P500

    1985 when you say each stock is equally valued what do you mean? each stock has an equal weight in terms of dollars invested in it? if so there is an etf that does this for the s&p 500. it is the rydex equal weight etf "RSP" designed by the author of the article i linked yesterday. if you...
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    My backtested system consistently beats the S&P500

    here's a link to my torch: http://finance.yahoo.com/expert/article/futureinvest/8103 doesn't look like the wheel has been out-invented 1985.
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    My backtested system consistently beats the S&P500

    i'm no quant guru but his results might also improve if he dollar cost averages throughout the year right? if the system is value based then test it against a value based large cap portfolio like the ishares s&p value etf.
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    i am dying to get in the pits

    making markets in options is a more difficult skill to learn than position trading. not many people have the skill because it takes more training.
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    Greenspan Releases Report: Amazing Facts & Charts On Home Equity Extraction

    as long as people taking out the home equity loans make payments there is no crisis and most of these are not subprime. they are prime or lower. if the newer cpi data is such a scam then why isn't there outcry among tenured economic profs? are they part of a fed conspiracy?
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    Money as Debt

    well going back to econ 101- in an island economy that produces 10 bananas and 10 dollars in circulation that over the course of time grows to 20 bananas you will have deflation (each daollar worth 2 bananas versus the original 1) unless you increase the currency in circulation. much better...
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    i am dying to get in the pits

    One option for getting a job @ the exchange is looking at the exchange itself. They have floor staff and decent turnover. Market reporters, those that type in the trade prices as trades occur so that they go out to trading screens, come and go. Entry level stuff (or below) and you can get...
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    Spot Oil Brokers

    my guess is that since you are looking for an over the counter market you are going to have to have more than just the margin that a futures broker would require. supposed to be a pretty large market of actual crude and many full tankers trade hands many times over in transit across oceans...
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    Fair Value

    yup- my bad:eek:
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    Less than 20% fall in home prices will destroy the banking system?

    i'm a middle of the roader on housing decline. gonna get worse but not the end of modern civilization. here is a link to an econ prof's blog where he ran a couple regressions on state by state foreclosures versus how much appreciation the state had recently and then versus the state's...
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    Detroit + subprime

    front page chi tribune article last week said the mich and ohio are 15% of national foreclosures due to poor local economics. didn't participate in the rally and are hurting even more in the national decline.
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    Fair Value

    Kevin you could just buys puts or put spreads if you are so confident. one to one odds on 60% decline gives anyone that wants to arb that in options plenty of money so just price the trade on your own instead of giving away money to arbitrage. arnie is right on interest rates then vs. now...
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    Can someone double check this 'fact' from Jim Rogers

    I'm pretty sure that the way to verify this, though i'm sure how to look it up, would be to look at FDI (foreign direct investment) numbers and identify where they are coming from. here it is by country. no info on nationality of country where FDI is from though...
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    Less than 20% fall in home prices will destroy the banking system?

    Obviously a lot of people prefer the cali lifestyle and pay a premium for it but if you look at the growth in san antonio over the last seversl decades it is obvious that the hill country is quite desirable as well. as it should be. nice to have affordablity along with the beauty there. a nice...
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    cnbc scam

    oops! actually i think it might have been field hockey not lacrosse.
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