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I'm sorry I answered the original question. From now on, instead of answering a question I know the answer to, I will let you do your own research. Why waste my own time doing research for you when I already know the answer and you are too lazy to do the research on your own?

I'm liking today.

Capitalism (not as defined by Marx, but by Smith, Mises, Rothbard) is free trade with little or no government interference. Obviously, to have free trade you need private property to have something that is yours to trade and rule of law to ensure others don't steal your property.

Huh? As I said, I used google and found that web page. And yes, that web page is on the internet.

Just do a google search. I did and found this article: http://www.financedublin.com/display_article.php?i=6803

Ireland has become a hub for hedge funds. It's no Cayman yet, but it's popular.

I didn't say there is no manipulation. I said that true capitalists against manipulation. I admitted that there is "lobbying, bribing, and manipulation" by "business interests," "labor union, environmental groups, etc."

I don't think the USA is as bad as you say, but anybody who thinks it is true capitalism or "fair" is just naive. As capitalists, people think we are pro-business. We capitalist are pro-business, but we are against the lobbying, bribing, and manipulation of government by business interests...

That may be how you define laissez faire, but not the common definition: Wikipedia: From the French diction first used by the eighteenth century Physiocrats as an injunction against government interference with trade, it became used as a synonym for strict free market economics during the...

There probably are no countries like that. So yes, there are no laissez faire countries with oil. But don't go saying this is laissez faire capitalism when you admit the government is deeply involved.

Laissez faire means the government stays out of it. This is exactly the opposite. Economic totalitarianism.

The only suspense is how Lacker will vote.

Minimum holding time is a week. Maximum is a few years.

Back in July I was long as bonds shot up. This time I'm short.

http://www.capitalspectator.com/archives/2006/11/still_flying.html

Went short ZN (10-yr bond future) yesterday. Hope you are right. PS Don't know how long I'll be short. Could be a week, could be months.

It means that there is little to no risk premium. It means that the market is full of liquidity. It means you should be very scared.... or very aggressive if you bet correctly and time it right.

Deflation also causes real minimum wages to rise.

From Dow Jones: Bonanza Of Buying In Credit Markets You name it, fixed income investors are buying it. Investors are cagey about what to call this exuberance in credit markets, but the seemingly insatiable appetite for bonds, loans and credit derivatives has some murmuring about a...

Why did you look at daily instead of hourly or minute by minute or tick by tick? What data to use obviously depends on your frequency of trading....