Search results

I've got news for you, you're dependent on someone else over which you have no control when you build to IB's API. After you trade with them for a while and realize how truly awful they are in a number of areas, you still stick with them for months longer because you locked yourself with the...

The OP said he put in offers below the bid and didn't get filled. That's a much different thing than not having another side to trade, i.e. no bid.

Summed up in one of my favorite XKCD slides (from https://xkcd.com/1570/)

Not the stock market but this heist of the world banking system was fairly impressive. https://www.google.com/amp/s/www.wired.com/2016/05/insane-81m-bangladesh-bank-heist-heres-know/amp

There are plenty of edges, it's just that most people use the word improperly. If I own a bunch of gas pipelines and have an insight into gas flows I have an edge when trading gas. If I figure out that there is some publicly available information buried somewhere about the number of trains...

Graduate from military school! Seriously, you consider someone who went to a military boarding school in high school (then dodged the draft) to know jack shit about anything in the military, let alone how military power influences international affairs? Wow, just wow (says this retired military...

None of the countries listed (Philippines, Indonesia, Thailand, Pakistan, Iran, Japan, Korea) are pivoting toward China. In fact every one of them is very concerned about China and are pivoting toward the U.S. to act as a counterweight to China on their behalf (except Iran and maybe Pakistan...

My favorite line in the movie!

I think that's a somewhat subtle but important point. It's in our best interest for China to remain dependent on their exports to us.

I'm sorry, I assumed if we were talking about the impact of a hurricane on National Grid we were talking about their U.S. operations which consist entirely of regulated distribution companies for electricity and gas, not their U.K. operations. My mistake. As for the rest, you can lead a horse...

When the vast majority of China's economy is built on selling products to the West, it's completely irrational for them to engage in a war with the West. Especially considering that China was less than a generation ago a third world country absent this selling things to the West thing. That's...

This isn't a subject up for debate my friend. Regulated utilities earn a regulated rate of return based on their investment. Full stop. Their profits aren't determined by how much electricity their users use (except for some second order effects I described in my first post on this thread)...

If you're interested in regulated utilities I'd highly recommend taking the time to read a book or two on them because they don't work anything like you think they do. Electricity Market Reforms: Economics and Policy Challenges by Belyaev and Electricity Restructuring in the United States...

It's probably more akin to expecting you can order some online course and in 6 weeks be a surgeon or an engineer.

But of course when we start to have food shortages farmers respond to the demand signals. It takes 12 lbs of grain to produce a pound of beef. Sorry but the caloric content of 12 lbs of grain is significantly higher than a pound of beef, regardless of how you measure food. Farmers shift...

I recall reading almost this same line of thinking with the U.S. and Japan for years in the 80s. Of course Japan did not displace the U.S. I'd like to read a mea culpa as to why the prognosticators got it wrong with Japan but aren't caught up in the same logic with China. I see the same kind of...

Thanks on their behalf. Makes me a bit sad to be retired watching it on TV instead of being there.

Absolutely. Anyone who argues that a debt ceiling is the issue or solution and not the appropriations that incurred that obligation has zero understanding of the most basic of economics. One wonders if they're the same people who don't understand why they have bad credit because they think the...

It's not what I say, it's how finance works. If you don't grasp the difference between the Federal Reserve (I presume you realize the Federal Open Market Committee isn't an entity and were referring to the Fed?) and a corporation, it's really not possible to have an intelligent conversation with...

If I might suggest a couple other ways you might look at it. 1. Companies do grow and create value. Google sold their stock at IPO for $23B. They earned $19B over the last 4 quarters. It's hard to say it's some kind of greater fool game when the company now earns nearly as much each year as the...