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It's no theory and there is no conspiracy. It's a widely accepted fact that isn't talked about much. Greenspan mentions it in his book. The FED conducts Federal Open Market Operations through the Federal Open Market Committee. This includes buying futures on the futures exchange, not just...

Greenspan talks about the PPT in his book. There's no question that it exists. The only question is to what extent does it operate.

According to folks I know who work in the medical billing industry, Medicare and Medicaid (with Medicaid being the worst) pay 25 cents on the dollar. My family doctor has a quota that he accepts each year and when he's over that he cuts it off. I can't say I blame him. He has overhead and...

Any hedge fund that doesn't have their heads in the sand knows about the on-going litigation with this firm and expects moves like that.

Much of this falls on the Government trying to get every Tom, Dick, & Harry into a house, regardless of whether they could afford it or not. There's no question the Government and the Fed encouraged banks to lend and bundle. The bundling is what kept the reckless lending going for so long...

I'm not an economist but I know you're asking a very complicated question that has many variables with the biggest one being, how much debt a country assumed to drive GDP. The current economic climate is a good example. The GDP in the US is growing but so is the deficit. That has led to a...

This is one of the most depressing yet most important video series a person can watch. Every citizen in the country should be required to watch this at the same time. I'd bet about 1/2 of 1% of the country has watched it.

I suppose it's inevitable that Corporatism follows Capitalism.

I know. There's a great deal of sarcasm in there. Every crisis results in more handcuffs for the small time trader so it's likely this one will result in the same. Not a damn thing will happen to change the behavior of GS but you can bet your trading account that something will come down the...

So it seems the rating agencies knew they were rating junk and GS new they were peddling junk. They went as far as going short that junk at the same time they were selling it. So the real question becomes, "what will be done?" My guess is something to shut down those blasted day traders...

<i>All that remains to be seen is whether the SEC and the FBI are “God’s workers”, or whether they see their job in simple “real life” terms as protecting ordinary Americans as well as foreigners who invest in America from those who claim to speak for God.</i> The SEC will do...

I think the platform you select is more important than the broker you choose. Research the various platforms, find the one you like, then shop for a broker.

There's an even worse scenario. Your boss pays you a salary regardless of your hours and demands you work 70 hour weeks after laying off 25% of the workforce. You can't say no because you then become part of the 25% :eek:

This article is old news. It was written in 2008. Absolute garbage.

This only applies if you are a trader. If you are an investor your job is to fight the trend - i.e. buy into falling prices when they get cheap. If I want to buy a stock like JNJ, PG, KO, or other blue chip stock I buy into large volume distributions if the price is right. You don't wait...

I don't understand how you can speak so highly about a continent that has the highest poverty rate in the world. http://en.wikipedia.org/wiki/Poverty

And unfortunately, the US is still being held hostage by those "too big to fail" banksters but I suppose we need to stand aside and let them continue to do "God's work."

“This is a fair measure. No bank would be left standing around the world without government intervention.” End of story.

So Goldman can get their bonuses.

I tell them that it took me about 5 years to learn the profession and they'd have to be willing to commit that length of time to have a chance at being successful. That usually stops them in their tracks. I also find it necessary to get out of the office so I teach college part-time in the...