Search results

THe math people are using is that it takes ~ 100K per year to create and maintain a 50K per year job. So 200B will only create ~ 2M jobs for one year. So, the 200B will hold Congress over until after the election with a maximum of 2M jobs created. Long term, it wil take ~ 1T per year to...

Obama just said he will "spend" to create jobs. THis is code word for "increase the deficit". At this rate, there won't be any liquid money left when the next recession hits in a year to a few years. Non-liquid $ = Fed printing = POG up long term.

Points well taken dtrader. But I just don't see HFT as frontrunning. It seems HFT algos take all available info and guess what the next NBBO will be for a stock. They don't set the NBBO, they are guessing it. Even if they are right 99.999% of the time, it is still a guess. Also, the money...

Exalted - I'm interested in the part about getting fired. I read online that at one firm traders are put on probation if they lose 8% of the money the company gives them to trade. They are fired if the loss grows to 12%. If you can say, are these numbers for trading losses that can have one...

I have to disagree. TARP has NOT been a success. The only reason the banks are paying it back is because the Fed bought a great deal of the banks' junk assets at nearly full price and the stock market bubble has given them cash. Also, those same banks are raising rates on all of the...

History repeats as FDR did something similar during the Depression.

It seems like there are only two questions to answer about the long term direction of the POG: 1) Will our Gov't ever stop coming up with new excuses to increase spending and the deficit? 2) Will the Fed keep printing money to buy the treasury debt that is now rolling over every 2 or so...

Now we know why so many manufacturing jobs were sent to China. Uncontrolled pollution, with no EPA oversight, is the only way to make those businesses profitable.

I hope people realize there will be massive exceptions to this. Both GS and JPM have HFT scalping businesses that would be rendered highly unprofitable. I'm sure other politically connected traders/investment banks will gain exemptions from this too. Also, 0.5% roundtrip is way too much to...

MVIC you are right. There will be so many exemptions to this it won't be funny. I gurantee you that only small, non politically investors will be hurt by this. Can you imagine how much tax GS and JPM would have to pay on their high frequency scalping for pennies at a time?

I'm using the treasurydirect.gov number of 1.9T deficit for the FY ending September 30. I hope people realize the Federal gov't will need to cut spending by ~40 to 60% to balance the budget (depending on whether or not there is more TARP or stimulus). If they are serious about cutting the...

Check treasury direct.gov. The deficit under Bush in 2008 was $1T. The deficit this year will be ~1.9T. Keep in mind that many of the bailouts and Bush's budget for 2009 were already in place before Obama took office. Blame Obama for the 2010 budget deficit.

Well, Paul V. couldn't raise rates much even if he were in charge. Unlike when Reagan was President, there was not this massive load of debt run up by previous Presidents. As stated in my previous posts, you can't raise rates too high too fast with this much debt without crippling the economy...

Hello. This is for anyone with experience with oanda. I'm thinking about opening an account with this company, as they seem to have the best fx spread. I'm wondering: is there any "catch" with them? I.e. do you not always receive the posted spread on their home page, are there any hidden...

It is funny how history can repeat itself so soon. Look at the housing market. People were able to realistically afford a much larger house than normal because of the "teaser" rates they were given. As long as the rates stayed at the teaser level, they were fine. Once the rates reset higher...

The European and foreign banks have their own people to research the deals. I doubt they would spend so many billions before thoroughly investigating the nature of the market. If anyone is to blame, it is the rating agencies, not Goldman, which gave assets that were obviously crap high marks.

Speres - the market is random in the long term is what I stated. In the short term, it's anyone guess. Sometimes, news and earnings don't even move the market. If you want to continue to believe it is not random long term, go right ahead.

Heh, I'll need it. Thx piker.

The market is definitely random. This means it is not random for a good trader because random events have predictable performance over time. I'm working on a new strat to apply this.

Regardless of what anyone says, the total cost of this will wind up being at least 50% higher. Why? Because in election years whatever group is benefitting from this will ask for spending to be increased on it. Look at the promises that were made for social security when it came out. None of...