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Perhaps you could include a link to what that news actually was so us lazy old farts don't have to go digging thru the internet to try and find what you are actually talking about?

C'mon Papa. We all started somewhere right? We've all gotten in over our heads at one point. I remember a ways back I put a 10 lot on the ER2 (now the TF) without checking any specs on the instrument. I nearly passed out when it started to move (naturally against me). Stupid is as stupid...

The CL or QM is not for beginners and if there is ever an instrument that should be trade in sim first this is it. Definitely trade the QM before the CL. It's not as liquid and has a wider tick size but the leverage is 1/2 the CL. Even with the lower leverage it's a wicked instrument. I've...

That's a slippery slope. Imagine if those bonds were backed by the city of New York, or perhaps by your house.

This is precisely what the country should be doing. It's like a consumer getting into credit card debt. They have to scale back, save, and recover or they have to make more money. A consumer has to work a second job and is limited by the hours in the day and their stamina. The government...

Yes it is and yes it will. 45k more troops will be heading to Afghanistan soon. WWII climaxed in 1942 (measured by casualties and vehicles/ships/etc., destroyed) but it started well before Pearl Harbor.

I agree and the thing that worries me the most is my kids will be old enough to fight when it happens.

This part is actually rather comical if you think about it. The Fed and the Government shuffle paper from one column to another using nothing more complicated than an excel spreadsheet and the entire planet treats this kind of activity as something of actual value. This shell game will work...

Randy33 is increasenow.

The crisis has <b>ended.</b> Big Ben will even be talking about raising rates tomorrow. Las Vegas is hiring 12,000 new people, permanent people. It's over, done, finished. Go back to what you were doing but before you do be sure to buy something. Christ, you can buy at any price and make money.

Whoa, "cunt." I think that's the first I've seen that on ET. That takes ET down to a whole new level. Go wash your mouth out with soap Billy :mad:

Don't forget the new SUV instead of the 5 year old volkswagon - a cheap volkswagon. When I was a kid we had one bread winner but there were times when we ate beans and toast, sometimes just toast. And my parents owned used cars. When the kids moved out the folks bought a new car and went on...

What happened to Port1385 or was it PortI385. I think it was actually both. TZ knows. :D

The supply of money went stratospheric right after 1995. Something happened during that year but I can't recall off the top of my head what it was. I don't have any data offhand for the 20's and it's too late to start a research project. There was no single one cause for the Great...

The great depression was caused by a massive and reckless increase in the supply of money during the roaring 20's. The Fed then withdrew that supply of money and blamed the great depression on their decision to tighten credit. If they hadn't expanded the supply of money so quickly there would...

Absolutely! He was "shocked" that a bank such as BSC or LEH would "risk their equity" by driving up their leverage to the nosebleed section. If Greenspan was unaware the leverage of these banks were as high as 75:1 then he was the most incompetent Chairman the Fed has ever seen. Or he is...

No, the Fed isn't a political party and yes, they are economists but they were also created by the banking cartel to police the banking cartel. They have an incredible conflict of interest -- they are a profit-based corporation that makes its money based on the prevailing rate of interest. Now...

This makes a great headline and makes the treasury and Geithner look good but in reality, Bernanke is Bonnie and Geithner is Clyde, or would it be Batman and Robin. No wait, Bozo and Cookie. Whatever the case, these two are partners in crime.

I think you're missing his point, and it's a very valid point.

That's absolutely correct and the ones who have been rewarded the most are the ones who drove a stake into the hearts of that small businessman -- the banksters. It's simply disgusting.