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He said doubling exports would lead to the creation of 2 million jobs. If you doubled our real exports (which is maybe around 15-16% of the economy), that would mean 25 million jobs. So he of course then does not mean doubling total exports (which are something like 1.7T of GDP annually...

Gotta say that's an impressive photoshop job.

Good post. At this moment I need to hash out your 2nd paragraph ideas a little more... I'll get back if I have anything to add.

You are correct in your characterization of the derivation of that particular money multiplier. And my 'spurious' response is driven by the fact that Denninger then uses that derived number to construct an argument with faulty logic. And yes, Denninger seems to me a bit of a nut pot, without a...

http://scriabinop23.blogspot.com/2010/01/latent-chinese-demand-potential-cure.html Here discuss. This idea has been brewing with me for a while, finally compelled to write about it: With the People's Bank of China starting to pull back liquidity, and talk of even higher RMB interest rates...

Need CFA / MBA to help get in the door for research if you don't already have connections. But the BRIC angle should help you.

Most of your competition is willing to do that. That's not a way to differentiate yourself in this market. You have to find something else that is worth talking about. Talk about past results. This is proof that you can actually accomplish and contribute. ie, who cares if you are willing...

This cover letter looks like everybody else's cover letter. It makes me sleepy. A hiring manager will feel the same way. Get rid of all redundancies and things everyone else says. That means you have 3 or 4 sentences to make an impact. In this job market, any longer is going to get you...

I think he may be doing the right thing, but at the very wrong time. First get unemployment to 6% then take the cocaine away. Go to recovery.gov. Under his watch, he is responsible for 37B of issued funds in 1 year's time. We need jobs stimulus, not policies that prevent bank...

Either this is a great buying opportunity... ...or we've hit top. Funny, that's always what the two choices are.

I think its more accurate to say you need 10 years to become a master of something you are naturally already talented with. Every person has a point of diminishing growth with their capabilities in any pursuit, and they vary depending on the person, with some being more capable than others...

This consolidation phase in gold is painful being long theta. Thats all I can say.

This is hilarious. I've long had Anaconda on ignore because I am tired of watching him call everyone stupid. The fact that you are 'stupid' is proof I made a good decision.

Wanted to send a shout out / shameless plug for the bondtraderforum . com I created a while back. The forums have been dead for a while, and perhaps a little mention like this may help get them going. They are spam free and reliable now, so feel free to join and contribute. online chat as well...

because people are obsessed with what they've lost money with.

But that "deductive reasoning" you mention most often lacks rigour, and may be synonymized with "common sense." (of course where did common sense come from?) All to the point that austrian economics might as well be sociology and definitely pseudo science. I find it is generally a thought...

Free market capitalism never had anything do with fair. She knows that.

My idea is that Venezuela chopped their currency in half over the weekend. Think how even expensive gold would've been a safe haven for bolivar holders. ..That or the threat to Portugal's rating.

Someone trading that kind of size knows what they are doing. There's absolutely no reason to assume that you can infer anything other than a bearish bet here. Maybe he has an exotic side bet to cover the call side. (ie a touch bet around 90 usdjpy).

Guys, think: It doesn't take volume and money flow to change the value of something. If the underlying fundamentals change, the value and price can change all without any trade taking place. ie, I own a rental property purchased at $100k. Rents are $1000/mo. Suddenly rents double...