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It seems your number is a tad bit off. According to CNN 72% of black children are born out of wedlock. And I agree with your earlier point. Teachers can do only so much to education their students. The rest of the responsibility falls squarely on the shoulders of the parent. It's the...

I would suggest picking a broker with low margin requirements. I trade with Global Futures. I find their customer service to be excellent. Margin Req's for Cocoa is $950 day, $2520 overnight. Cotton is $1050 day, $2100 overnight. If you're holding overnight I would suggest using no more...

Damn Dude, you just gave me a chubby Kidding aside, OP you said your job is analyzing data. What tools/methods are you using to analyze such data. Think of the market as one gigantic random number generator. What kind of tools are available to deal with such a market? I have generated many...

The USPS is definitely a drain on the economy but it's nothing in comparison to the way Congress destroyed Social Security and Medicare and turned it into a Ponzi Scheme, not to mention the endless wars, the massive never-ending bailouts to banks, the endless printing of money to keep bond rates...

There's a thing called imputed interest but that only applies to sorry saps like you and I. The banks, of course, are above the law and outside the reach of the IRS. The US is turning into exactly what the revolutionary war was faught to escape.

I was thinking more along the lines of a 12 guage under the chin -- something to blow the melon right off its stump.

Based on my experience, I couldn't disagree more. Money flowed into my fund during periods of positive returns and flowed out during periods of negative returns. I tried to counsel my investors that they should be doing the exact opposite but only a few listened. The ones who did listen...

That's not true. It depends on the connections you make and the returns of your fund. When I did my hedge fund I had a combination of friends, family, outside investors, and other hedge funds. The Hedge Funds I attracted were those who wanted to diversify their portfolios through other...

Where did Asiaprop and KrazyKarl go? The planet's two biggest pumpers of GS? The proclaimers of GS's financial prowess and brilliance? As the cloth comes back it reveals GS's brilliance is rooted in its abilities in the subject of thievery.

Dude, you are dead fucking on even about gutting the military. A brief look to Germany pre-WWII demonstrates how easy it is to develop a standing army dirt cheap when times are so bad it's the only gig in town. There will definitely be a massive economic fallout. It's a question of when.

You obviously haven't been exposed to the health care system up there. Do a bit of research and see how bad it is.

One more reason the Amero is unlikely to happen anytime soon unless, of course, Goldman and the Fed take over Mexico's and Canada's financial system. I think the folks up in Canada would have a thing or two to say about that seeing as they run a fairly prudent financial system.

You're missing the laws of supply and demand. Easy money creates demand. Demand leads to higher prices. College education is no different than the recent housing bubble we just went through. Access to easy mortgages meant anyone and everyone could buy a house so excess demand led to excess...

The entire mess was choreographed by the government. "...a chicken in every pot and a car in the garage." Hoover gets credit for this during his 1928 campaign but history seems to suggest he didn't say it. At any rate, that's the general theme among presidents who run for office, knowing...

The answer is pretty simple. Newbs think they can learn trading in a matter of months. It's like trying to learn law by taking a few summer school classes. If you don't have a thorough understanding of the science of randomness you are absolutely certain to fail. The market is the biggest...

The Peter Principle is funny. I know plenty of bosses who don't belong in the positions they are in and only got there because of who they know. Incompetence is in abundance at high levels.

I like that.

I'm an avid student of randomness and my strategy is based on the fact, emphasis on "fact," that the market is random. The laws of randomness ensure that what you describe doesn't work but it's entirely possible that there is much more to what you are talking about than a few sentences on ET...

I made great coin on the move up into March 2000 and initially kept buying after the top. I quickly corrected my mistakes but only treaded water heading into the bottom in 2002. I didn't believe the bottom was in during 2002 and initially started fading the move up but like last time, I was...

I trade futures for a living. I started trading in 1991 (my own account -- with a telephone and a broker with a voice). My early success was starting in the beginning of the biggest bull market in US history. I was long everything. Didn't even know what short was. I survived the 2002 crash...