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Keep in mind that the derivatives often trade with 40x leverage. So, the 600Trillion listed is really only held with perhaps 15T dollars. For example, if you buy $100K derivs with a $2500 account, once your account goes to $0, or whatever the margin value is, the broker liquidates. So, you...

You have to give the President more than one year to fix this mess. It took 30 years to create and it might take at least 15 years to correct. It wouldn't have been fixed overnight even if McCain had won.

I've read that receivers often don't check bars certified as "good delivery". That is about to change. Gold has always been considered real money. The experiment of the last 40 years where paper has been used is possibly about to fail due to excessive deficit spending/money printing. Then...

Tradestation waives their platform and scanner fees if you make over ~ $50 in commission worth of trades a month. http://www.tradestation.com/brokerage/platform_fees.shtm

It's funny how you quote Reagan on big government. Reagan grew government more than almost any post WWII president besides Bush II. What politicians say and what they actually do often don't match.

Because government employees are trained to be yesmen and to put a positive/least negative spin on everything, there was no way for Obama to know the economy was much worse than he had been told. There is a severe problem with this new accounting. The fact that the bureaucrats can now give...

This always happens. The formula to calculate unemployment has changed at least twice since 1980, starting with Reagan. So, now we will see all the jobs the stimulus has magically created despite the fact that the UE number keeps rising...

Magic Jack's case reminds of those old Radio Shack electronics X in 1 kits. You could do something simuilar to this as long as you kept the kit close enough to the radio.

Why would anyone have expected the bailouts or stimulus to have created any new jobs in Europe or the US in 2009? By the time the money makes it way through the federal/state/local bureaucrats and the Wallstreet middlemen, there is nothing left to create new jobs. I've stated the same thing...

Well, I guess the 7/8 with jobs or savings need a new phone. 1/8 = ~ 12% which is close to the released unemployment rate.

One trick to avoid a letdown for a big event sci-fi movie is to avoid watching the previews. For Transformers2, I totally avoided watching the previews before I saw the movie. It didn't help because TF2 just wasn't entertaining to me. For Avatar, though, it worked. Not knowing the full...

The pension problems will be a burden for Ca definitely. But, legally, I thought it would be hard for a US state to declare bankruptcy because the states can collect taxes.

Scataphagos - the federal gov't does not have an unlimited supply of $ to throw around. They already need to turn over ~$3T in treasury debt this year just to stay solvent. I think the states are on their own once the states finish wasting the stimulus money the federal gov't gave them.

This is somewhat of a non-issue. California is required by law to balance the budget. Eventually, once they are no longer able to use smoke and mirrors to pass the deficit to the next fiscal year, they will be forced to make drastic spending cuts. Arnold has done a great job of passing the...

Sorry, but there are no "no child left behind" rules in trading. Or, as the joker said, it's best to be ahead of the curve.

After reading the article about possibly 700B in debt being bought in 2009 by phantom "households", I'm wondering if our financial system is in worse shape than we thought. Bernanke should have to explain this in order to be confirmed.

We've been at war for 8 years and it hasn't helped the economy one bit. That is because the nature of war has changed since WW2. In the 1940's, everyone was mass producing relatively simple weapons (with the exception being some of Germany's weapons and America's non-conventional weapons used...

It would have been great if the author had done a calculation of how much more has been saved with the increased savings rate. THen he could find out the increase in consumer savings in banks and subtract numbers to at least give a ballpark estimate as to whether household consumers did buy...

Keep in mind that the author speaks of kids who made the cut to attend a pretigious college. These are already the best 2 to 5% of all 18 year olds that America has to offer.

Can you repost the full link without the ...? THanks.