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Passing unemployment benefits is perhaps more effective than tax cuts because unemployment benefits get spent more quickly (turning into economic activity). If I am mid-income, with a job, and receive a tax cut, I just may save that money. If the banks are not going to lend it out, then the...

Happy I didn't wait. Bought some at 6.42 today. $20 is very doable. And if gold were to double (assuming it became bubbly) while costs stayed the same, that puts you at a 22B valuation (20x today's value). Chop that in half to discount, and you are at a $60 price target. Ten times price...

Fascinating little stock. 15m oz of reserves. Lets say $500 margin per oz. Thats 7.5B. Discount that in half, 3.75B. Looks like a triple based off market cap. http://www.novagold.com/upload/investor_info/NG_FactSheet.pdf The Paulson and Soros $$$ are a vote of confidence in management...

I like this comment. The 'market portfolio' (probably the most accepted form of stock 'investing' versus 'gambling' out there) is still a bet: that GDP growth continues and monetary aggregates likewise continue to increase. Just a glorified form of hopeful trend following (ie 1982-2000).

Every anemic jobs report we see is supportive of continued low interest rates, increased central bank accomodation - supportive of gold prices. Most of the gold miners out there are in between a 10-15 PE, hardly what i'd call overvalued, and represent a great value, especially amid still...

Oh here's the file.

OK. Here we go. The Fed is able to raise rates without selling its MBS portfolio as it does have the ability to short circuit the money multiplier. So even if they lengthen the duration of the portfolio, it is not necessarily inflationary since they can raise IOR/Fed Funds to a level where...

I'm sure I had to be there. ;0

??? I would be thrilled my daughter got a job before me. Awful? I don't get people.

They only cost a quarter. I only see 3500 or so trade on that strike. Perhaps someone sold puts when the stock was much lower and wanted to free up margin for other trades?

I think $3 out of every $10 collected in insurance premiums goes to paying for the insurance company to run & take profits. A medicare pay-in model would right off the bat reduce individual health insurance costs by 30%. Add some tort reform and electronic medical record mandating to reduce...

Not desperate though. i got long at 1.3490 and 1.3620 via FXE options. Alittle above water on the trade. The trend is done. This is no longer a trend trade.

Hey I'm one of those guys. :)

Greece just got a 25B EU bailout.

That's another story, but I was looking at those calls on Friday thinking of buying them, but stayed away.... :(

Isn;'t the whole point of strategy to reset every week? Close out the assigned part and enter a new trade. Otherwise, you're just discretionary trading.

No not brilliant. Broken glass fallacy. http://en.wikipedia.org/wiki/Parable_of_the_broken_window

I imagine the chart of amount of global aggregate assets in nominal terms outstanding looks similar.

Not to attempt to poach people from here, but I wanted to reiterate there is a forum I started a year ago and want to attract people to it. It is called bondtraderforum.com and is specifically meant for fixed income folks, fed watchers, etc. to congregate, chat, network, etc. Traffic is very...

I've been down this road before. i hope he gets a handle on himself and the gambling before he gives up the other $230k.