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lol, I keep forgetting a repub President is never to blame for his decisions. Check out the 2002 video. Bush clearly was a leader for putting unqualified people in homes.

Sorry pspr, but that is not entirely accurate. One of Bush's stated goals was to increase home ownership. Just search yahoo on "George bush" "home ownership" to see.

I agree that Clinton did a great job. It is no coincidence that when Clinton raised taxes and cut wasteful government spending from the previous 12 years, the private sector economy took off. And it is no coincidence that once Clinton left and taxes were cut and wasteful spending resumed, a...

Yes, RR, many have made the same "free money argument". But what hapens when the interest rates on this cheap money rise substantially, as they must? About the same as with any bait and switch: game over

Germany just needs to roll a few panzers to Greece, like they did 70 years ago when the Greeks started acting up, to show they mean business. I'm sure their budget would then be balanced in a heartbeat.

Well, the day has clearly arrived for smaller countries like Greece, Ireland, etc... Can this day be around the corner for larger countries like the US? The US needs to borrow around 4T this year (~1.5T new debt, ~2.5T rollover debt from prior years). We'll see more as 2010 progresses...

When talking about defense, keep in mind that about 70% to 80% of defense contracts are over budget and/or behind schedule. Also, it costs about $1million per soldier per year for Afghan. So, since most contracts awarded cost maybe 30-50% more, on a per unit deleivered basis, than the original...

hajimow you are mixing up selling and settling. In a cash account, sell transactions do not instantly settle. So, even though it seems you still have your 50k, the trade has not settled. The sell won't completely settle with the broker on the other end until three days later.

I had the same question. Since it is a cash account, the whole 50K has to settle first. It takes around 3 trading days to settle, so you can either make one 50K trade every 3 or 4 days, or one 12.5K trade each day, I believe.

Glad you pointed this out Eliot. Every dollar that is "printed" for our gov'ts benefit by the Fed, has to have interest paid on it. So, in the long run, it is always better not to print money.

Well, even with the Fed funds rate at ~0.0%, the average interest rate on US govt debt is around 3.3%. If the Fed raised interest rates to a normal level of ~ 4%, the total interest payments would almost double two years after the rate hike, after all of the short term debt rolled over. This...

The point is that you need accepted liquidity to make things move. The butcher obviously did not need $100 worth of stay at a hotel near his home so the debt is not transferred. The reason it is not net zero when debt is involved is because individuals can default on the debt if they don't...

Gerald Ford and Jimmy Carter did not go overboard with gov't spending. It was Reagan who first took advantage of the floating dollar to start excessive deficit spending. So, it actually started in 1981.

By 93rd percentile do you mean in the top 7% ? Meaning that 93% lost money since you made no trades?

I checked that blog. It seemed the contest organizers were very interested in having the time/size of his trades and having him explain his trading methods than anything else.

Hopefully we are working on 6th gen as the Raptor line was shut down. The thing is this plane has two engines while the f35 only has 1 engine. Trying to think how f35 will do in dogfight with this one...

I've seen videos and articles the past few days about a new stealth fighter that might be sold to our (U.S.'s) enemies within the next 5 to 10 years. Given that this might prevent our planes from winning air battles at a distance and force them to have more close range dogfights with planes...

How do you define "a lot"? I've posted about 4 times a week since I joined. You've posted about 50 times a week since you joined. Is "a lot" more than twice a week, 5 times a week, 10 times a week, etc...?

That post is in the forex section, mikasa. The test issue is definitely one part. The main factor I look at, though, is that USA kids spend way too much time watching TV, texting, playing video games and sports, etc. The time the typical USA kid spends doing homework is dwarfed by these other...

There was a recent post about a forex trading contest. Very, very few of the profitable traders were north American. So maybe you have a point.