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This is a great visual demo of how shockingl unsafe the old gunboats were despite their size - Crash Test 1959 Chevrolet Bel Air VS. 2009 Chevrolet Malibu

You'd be surprised, cars are actually cheaper now than they were when I was a kid in the 80s, even when you ignore how much better they are. For example, when the Camry came out in '83 the MSRP was $9698. That's $25,600 in 2021 dollars. The 2021 Camry MSRP, $24,970. Of course that original Camry...

Did anything actually trade at that level? Quotes are often wide enough bro encompass nonsensical positions. That doesn't mean anyone actually trades there.

At the point you no longer wish to follow US tax law why stop at tax evasion using bitcoin (which is a singularly stupid method of tax evasion btw)? I am curious if you've ever actually read the U.S. constitution? If so, where exactly do you see the prohibition on wealth tax or even double...

So none of those futures are U.S. regulated. Which makes them risky to the tune of the amount of risk premium you're getting. The only legitimate arb would be with CME or ICE bitcoin futures but because you can't also hold actual BTC at any broker where you hold your CME or ICE futures (can...

More than 42,000 people died in car crashes in the U.S. last year. That's just a little less than a full 737 crashing every single day. Are we ever going to prevent the last 30 or even last 300 from dying? Probably not. That's most certainly not a reason not to do our utmost to stop the first...

And what measure would one use for Alpha?

In any of the cases you cited you would have to at a minimum know your Sharpe ratio to proceed, no? Or to take a step back, at a minimum knowing and understanding what it is and what it represents is a necessary but not sufficient requirement to get in the door for institutional funding. A...

Speaking of references to other conversations in other threads and intellectual honesty, we're all still waiting for you to answer that question that you've worked oh so very hard to avoid.

So again with the intellectual honesty concept, you had no problem with using a much more problematic cumulative graph in your first post, you do realize that don't you? That said, your constant 1.5% chart shows a lot more growth on the left side and less on the right side than the actual growth...

So you've got no problem using the cumulative graph but mine isn't valid? Gotcha. Not sure where you got your numbers because they don't match what I found, but for arguments sake let's use them. The time period you apparently think of as superior to our time period grew at a rate that was 33%...

So the Fed doesn't do anything in transaction clearing? That whole fedwire thing that's literally responsible for every wire in the U.S. is a figment of our friend @piezoe's imagination? I'm trying to figure out if you once applied for a job at the Fed and got rejected so you're bitter, or if...

A couple of thoughts on that. First off, "cumulative inflation" is a pretty deceptive chart to show. Let's take a look at this more relevant chart of actual inflation by year: Hmm, looks like inflation is on a definite downtrend over the last nearly half century to me, how about you? Then...

So we're in the period following a devastating war that the U.S. lost and the U.S. is subjected to punishing reparation payments like the Weimar Republic? Or did you just pick a historically bad case of inflation that has absolutely nothing in common with the current situation and throw it in...

This sentence doesn't even make any sense. In the U.S. people lose their jobs and are thought less of by their friends and neighbors when they're assholes or advocate for the overthrow of our government. You call that "full woke". In China people go to jail or are executed when they offend...

Market makers don't "expect" anything when it comes to forex futures pricing. In general it is based purely on a mechanical relationship between the interest rates of the two currencies.

So they don't "decay". They just track 3X the daily return of the underlying. Which means they don't track the 3X the underlying over time. It's very path dependent. In some cases it will actually return more than 3X over time, others less. But the vast majority of what you would think of as...

You confuse micro economics of your checkbook with macro economics of nations. They're vastly different, highly recommend taking a free macro MOOC if you're actually interested in this. I think you'd really enjoy it. That said, the chart shows deficit as a percent of GDP. It definitely will go...

Setting the price of gold at $35 an ounce was entirely arbitrary and only went back as far as 1944. It could just have easily been set to $500/oz or $50,000/oz at any point. This whole idea that money "used to be backed by something" and "now it's backed by nothing" is quite illusory given...

Yeah, their model is to automate everything and deal with nothing. That's a horrible match with retail folks using their brokerage account like a checking account. For you and them.