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And in a deleveraging environment money is destroyed faster than the Fed can print.

I seem to recall a guy at work saying Bob Brinker toldl his subscribers to buy the Q's at about 60 around 2001? Soon after it was below 30 IIRC.

Remember the better old days when a dollar was defined in the Constitution?

The cable ends about 1000 feet from our house. Six years ago they wanted $19 per foot to run it out. I said no and haven't been sorry.

They are called Federal Reserve Notes.

Proposition 13 was a reaction in the 1970's to uncontrolled spending and property tax raises. Retired people on fixed income were losing their homes when they couldn't pay higher taxes. It may not be perfect but it's better than the alternative, and the politicians brought it on themselves...

At some point their bonds are going to crash, but timing it is a problem. And then they might even default.

But who will pay the taxes for the trillion dollar bailouts when the rich get themselves into trouble again?

No wonder Turbo Taxcheat Timmie doesn't want Warren to head up that new consumer agency. She might actually do a good job for consumers.

The article basically agrees with what I've been saying for years: Democrats: Tax and spend. Republicans: Spend.

Yeah, thanks to "print more, tax more, inflate more bubbles" people like Krugman.

I don't have any experience with futures. Also, where can I find historical prices for futures?

If QE 1 didn't work, why should QE2?

I'd say roll the dice .... and PM me the details on how to apply for the new job. :p

Looks like SH uses leverage and derivatives and only targets the daily price movements, just like SDS. I thought the 1X inverse funds were supposed to track the index over the long run. Maybe just shorting SPY isn't such a bad idea after all. If you have to pay a dividend then the stock...

I see that SH paid a pretty hefty dividend in Dec 2008: almost $12 or 14%. But that still doesn't quite explain how it lost more than 30% against SPY over the 18 months in my example.

So I went back to it and decided to try buying SH instead of "shorting" SPX, and it gets even worse. On 9-30-2008 the open prices were SPX=1,113.78 SPY=113.51 SH=75.15 On 3-5-2010 SPX=1,125.12 SPY=113.37 SH=51.37 SPX and SPY roughly track each other, but SH is...

You just figured that out?

Thanks, maybe that's it. ETA: Actually maybe not. Their expense ratio is listed at 0.09. And you would expect it not to track the S&P very well over the years if the fee were excessive.