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Beginning in 2011 the CPA exam is adopting IFRS with the exception of the REG section of the exam. If the AICPA is adopting IFRS then the US will be adopting IFRS. Why would Canada and Mexico allow the Fed to control their monetary policy? I don't have the exact answer but I suspect it will...

It's not a question of whether the US/Fed will give up control of their own monetary policy but rather, a question of whether they can control the monetary policy of other nations. Remember, the ECB, IMF, and FED are cut from the same cloth. Canada, the US, and the UK have already agreed to an...

It's entirely possible that a paper currency will disappear and be replaced with plastic and a complete reorganization of the way taxes are collected and processed. The day you can pay your neighbor to fix your fence with cash, tax-free, will someday come to an end. If this happens it will...

He is correct -- the Fed won't exist in however many years because it's going to be replaced, or morphed, into an International Central Bank, bigger and strong than the IMF. A one-world economy is already here, GAAP is disappearing and being replaced by international accounting standards so...

No. Have you ever met a person who wasn't interested in gossip or other people's business? It's human nature. FB is here for the long haul and I wish I owned shares :p

There is a word for what you are describing. It's called Tyranny and many wars have been fought over it.

Have you any idea what a complete idiot you just made yourself out to be? Imagine being laid off -- yes, you personally -- or becoming disabled, or otherwise unable to support yourself when that tax bill gets dropped in your mailbox. Now imagine the Feds coming to your sorry ass door with...

Big money is the <b>only</b> participant in this market. The little, emotional money is gone.

The markets have come to realize that the Fed will continue to print money indefinitely and lend it to the banks a near zero percent so they can turn around and buy treasuries at 4% so a few failed credit unions and insignificant banks along the way is meaningless. As long as the Fed Member...

No one sent it there, they took it. The US became the largest manufacturer for two reasons -- the ability to incoroporate freely and cheap labor during most of the 1900's. China has cheap labor, and technology (read: electronic communications) has given US companies access to it without having...

Not all of it but a significant portion of it. That's what happens when you get money for nothing and chicks for free.

LOL. Surely you aren't serious :D :D

It doesn't matter if you are trading offshore. If you are trading the US markets you need the Series 3. It's not a hard test at all. The regulation part was the hardest because you can't possible memorize all the different laws that apply to managing funds. I guessed on many of these...

Good. Get used to Big Brother knowing about every single transaction you make down to what size underwear you wear and how much toilet paper you buy to wipe your ass with.

You have to understand the relationship between the banks and the Fed. The Fed was created in 1913 by the banks to police the banks. That's like a group of inmates choosing another group of inmates to be the guards of the prison. Greenspan and Clinton created the recent mess and Goldman and...

What a cluster fuck this stimulus has been. I can't drive on any expressway without running into miles and miles of construction. A one hour trip now takes about 3 hours because every expressway in Chicago is torn to shit -- even the ones that didn't need to be torn to shit. Now we're...

Yes you can. See my above post.

I use Excel to track all of my trades. I actually spend more time analyzing my trades than I do the markets. A nifty tool is the Filter on Excel. It converts the spreadsheet to a database-like program. Drag across the titles of your colums and then to go Data --->> Filter --->> AutoFilter...

Absolutely yes! ET is quite entertaining. Beyond that it offers nothing but it can be great for a good laugh. It's all about perspective. How do you see the world?

The market is not 100% random, nor is it 100% efficient but it's darn close. As one poster posted a while back (can't remember who), "The markets are more random than traders think and less random than academia will have you believe." That just about nails it.