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It's because i am krazy. :) I was reading something else and stumbled across this. Lots of good numbers and puts things is perspective with regard to all the spending recently. http://newsburglar.com/2009/03/13/the-national-balance-sheet-of-the-united-states/

Just search for the us treasury's balance sheet. The cash is with the UST, where else? You're making a mountain out of a molehill - only zealots are about to have a revolution. The Fed is mandated by congress to not be regulated by the govt - that would be like giving the grocery cashier the...

He's(Ben) technically right, and that's the best kind of right. The problem was the lack of enforcement of the regs, not the lack of regs. It was never the fed's job to regulate the mortgage industry, and frankly should never be their job. Someone does need to regulate these mid-tier lenders...

The UST has around 13T worth of cash reserves in the coffers. While the budget deficit is large, the govt. can write a check for the balance of the debt right now if they wanted to. So why would there need to be blood if there is enough real cash on the books to pay off the debt? People keep...

This whole chicken-little thing is so overblown. The only thing I can come up with is that those that think this is worse than it is is due to lack of experience or understanding.

I bet against my long positions every time i hedge the trade on the short side. what the fuck is the big deal here? GS didn't deceive anyone - they just parted fools from their money. There are reasons 100s of billions of dollars worth of investment money was not put into these...

The algos play different strategies - the major changes over the years have come in the exotic plays they are used for, which means more leverage. To me, the market doesn't "feel" any different than it did last year at this time. If anything it moved more this year as I expected then any in...

Don't be dense - of course they've changed, that's so obvious it's not worth mentioning. They've changed strategies but that's inconsequential. Their advantage and method-of-action has been around for 20+ years. The only people affected by volume intra-day programs are scalpers, which and less...

This is a key point: recessions are good for many reasons, not the least of which is people tend to increase savings and pay-down debt. I expect online sales to be up yoy over 10% and sss yoy up over 5%.

Algos have been running since the 80s doing the same things they do today.

I'm still long also - will get short-side protection for the january dump-off, but I see 20% upside in 2010 with minimal risk downward, pending a black swan of course. There are too many reasons to list why I am long.

The real teat suckers are the ones that drink this op-ed crap down without questioning the assumptions made by the author.

The US doesn't have a 115T debt - just another author getting eyeballs with shock-value and guestimation.

forget the links. start by reading fasb 117. your mistakes will become obvious.

He says you should read fasb 117; the laughter was not derived form my comments in this thread.

Those links are related to how differently NPOs are treated, especially when it comes to equity, vs. for-profit entities. They have everything to do with my issue with your mistakes. He didn't mention anything about it('cash', etc.). I'll shoot him an email for the hell of it and see what...

I actually emailed it to my CPA and he in fact did get some laughs from it. He suggested to send you this link for more reading. http://www.questia.com/googleScholar.qst?docId=5000328914 http://www.muridae.com/nporegulation/accounting.html "Not-for-profit organizations (NPOs) were...

What does that have to do with anything? I said that 5 pages ago!!!!! http://www.elitetrader.com/vb/showthread.php?s=&threadid=185163&perpage=6&pagenumber=13

again, what structures in your country do you have that are similar to NPOs in the US? Do you know how their accounting is handled differently? Before you start calling people names you should read-up on what the differences are.

I don't even know what more to say. Did you notice the dates on that balance sheet? Their valuations and allocations change DAILY - they even provide some daily deltas!!! They did this almost certainly to show that their balance sheet is inaccurate as soon as it's published, so I would expect...