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Actually, Article I, section 10 of the U.S. Constitution mandates a gold or silver standard. (It is easily the most ignored part of the Constitution, with the possible exception of the 10th Amendment.) Those opposed to a gold or silver standard should at least insist upon amending the...

www.morningstar.com will give you the Greeks.

Just as the Fed can create all the funny money it needs to buy U.S. treasuries, ensuring that the U.S. doesn't go bankrupt (but does see its currency debased) the Japanese central bank can keep creating yen. So Japan won't go bankrupt but could see its currency crash. But California can not...

The problem is that the near biggest fools are the ones in government. (The only bigger fools are the ones who vote for them.) Certainly if you intend to get training in trading from someone you should demand to see audited brokerage statements that prove that person really knows how to...

There won't be one. The maximum loss on the AAPL iron condor is $7000 minus the initial credit and the maximum loss on the GOOG iron condor is $6000 minus the initial credit. There's $20,000 sitting in the account for these trades.

Former governor of Colorado Dick Lamm said it best: "Bilingualism is a blessing for an individual and a curse for a nation."

IB-AN, thanks for clearing this up.

Only one quarter of California's children 18 years old and younger are white. Half are Hispanic. Mexico reconquered the American southwest without firing a shot, with the full complicity of our politicians and our corporate overlords. From what I can see in the northeast, Mexico is taking...

If the plan works it will destroy the value of the public employee union's pension plan. That would be justice.

If you want to prove that your are not an idiot, you should give a good explanation about why I am an idiot.

Well if most of the volume is just bots shuffling shares back and forth with other bots that means that most of the time the profits made by one bot are profits lost by another bot. If so, we can just stay above the fray and watch the HF traders feed off of each other. I am unconvinced that...

In my case I just created two ordinary accounts (one an IRA) and linked them. You'll have to ask IB about the PDT rule question.

Ron Paul does try to make sure that budget bills include money for his district. Then he votes against them. His view is that the government shouldn't be spending so much money, but if the other 434 representatives insist upon massive deficit spending at least his constituents should get some...

One of the reasons we have massive deficits is because we insist on playing world cop. I fail to see how our near 10 year occupation of Iraq and Afghanistan has made life better for the average Iraqi or Afghani. Taking sides in Libya's civil war isn't going to turn out any better.

In answer to the question, "Who listens to Ron Paul?" I wrote: "The small minority of Americans who believe that our Constitution should be followed." This is nonsense. If 300 million Americans wanted the Constitution to be followed (which hasn't been the case in my lifetime) Ron Paul...

Interest rate swaps are mainly of interest to the bond market, where they are used for hedging purposes. (There's actually a lot more money in bonds than in stocks.) I don't know how much interest rate swaps affect stock prices. I suppose almost anything can affect stock prices at least a...

Nobel Peace prize winner Obama has decided that Bush's wars are not enough. He needs one of his very own.

Maybe the people who own the shares expected an even worse number. What matters for stock prices is not "news" but "news - expectations". How many times has a company reported earnings better than its own forecast only to see its stock price collapse?

Here is what an interest rate swap is: Harry borrows $10,000,000 from Sally at a fixed rate of 3%. Sally borrows $10,000,000 from Harry at a variable rate of 3 month LIBOR + 2%. They agree to pay the principal down according to some fixed schedule. Of course, since they owe each other...

Yes. No treaty (such as the one that created NATO) can override the Constitution. The Constitution does not say that congress doesn't have to declare war if NATO wants it.