Search results

The US Crude Oil Market is an analog of the US Equity Market. Even during March of 2020 where supply far outstripped demand - the WTI contract mirrored the S&P 500. I traded Energy Commercially and for a Hedge Fund during the course of my career. The insane amount of North American supply...

Show me your convincing data-point inflation metrics, and I'll short Treasuries outright. Until then, this is your one millionth post on the stock market. It is what it is. You trade the market in front of you, not the one you fantasize about.

How quaint.

I don’t know what’s true and what’s not - my only firm conviction is that at some inflection point taxes encourage avoidance.

This is what the VAT wrought: https://www.milkenreview.org/articles/the-curse-of-cash “A rough estimate for the absolute size of the eurozone underground economy would be $3 trillion.“

I read a paper a few years ago by the Milken Institute - the underground cash economy of the EU is insane due to the VAT. The OECD says it’s somewhere between 4 - 17%.

In Europe, this "digital tax" was added on top of the 20% VAT that Google, Apple, and Amazon were already paying to the EU.

Europe tried this, but Tech found a way around it. Google, Apple, and Amazon simply added a 2% surcharge to citizen customers in the Countries who were implementing the tax. So it ends up being an additional tax on European businesses who advertise - NOT on big tech. So big tech will simply...

I'm sure this will work out great for Maryland.

Buyers taking liquidity and Sellers taking liquidity are what "moves" the markets. in other words - Buyers lifting offers and Sellers hitting bids.

There are options market makers but nobody makes markets in the popular higher volume names at least as far as futures markets go. There's no money in it and you're damned lucky just to cover it. There are market makers in the London Metals Exchange and the OTC Swaps Markets (mostly energy) -...

Personally when I traded the basis, I used Cantor-Fitzgerald, Brokertec, and at times Garban (ICAP). {{ These are the REAL dealers, btw }} The bid/ask for OTR issues will be just about as tight as the futures during US trading hours. The bigger Chicago FCMs will offer access to the US...

The article you quote is quite misleading by design. The link I provided above gives Senator Warren's entire wealth tax plan that she touted during her Presidential campaign - and it's for more than billionaires.

The two leading proponents of the wealth tax in the United States are calling for 2% annual at $50M individuals and 1% for $30M married or 1% on $16M single filing. This "wealth tax" proposed by Senators Sanders and Warren is on individuals and households and it's based on gross asset...

It's a naive article and an insane idea with disastrous ramifications. A 1% wealth tax on the top 1% is going to cost jobs and I'll tell you why. It doesn't differentiate between pure liquid cash wealth and assets invested in job creation and job maintenance. A restaurateur with three...

There has to be a first time where a Wave Counter is correct.

The danger and intellectual laziness with the OP's premise is lumping everyone in with "billionaires". The vast majority of employers in the United States are small businesses with an LLC structure. That type of business owner will typically have the majority of his or her net wealth tied up...

Targets to the downside are 164-00 and 156-00 on the long bond.

I am not well versed on the current iteration of AutoSpreader - but several years ago, when one spread leg was filled you had the option of using a limit order to fill the remaining leg. I really don't need AutoSpreader because I am swing trading.

I blame much of it on "Market Wizards". Proselytizing the necessity for calling macro trends.