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There are so many free or low cost trading guides written by people who are actually making money trading that it does not make sense to pay scam artists a ton of money for info. Lets be honest, if someone is charging a lot of money for trading advice the odds that he is using those funds to...

This ain't data but its based on it http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aWq9ScPPDm28 Comparing the challenges faced by policy makers globally, Rogoff said his money “is still on the euro” to “hugely” underperform this year.

Frankly I don't understand the euro anymore. The market doesn't seem to care to any large degree that a few will default and possibly switch currencies, at least for now. If there is money to be made on the short side there it will be when the currency starts to trade like financial stocks in...

Levin is a moron so I wouldn't be surprised if he doesn't win anything

In a sense there is always QE going on, the balance sheet of the Fed is usually growing overtime. If bank lending remains weak it will have to grow faster than it did pre-crisis

"HELENA, Mont. (Dow Jones)--Core inflation isn't at a significant level and the U.S. Federal Reserve Bank does not need to raise interest rates anytime soon, Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, said Thursday morning." Hinting he won't dissent to...

Source?

There is nothing wrong with selling overpriced options. Its like running an insurance company. You might face losses eventually which is why position sizing is crucial, at no point you could ever be under threat of having margin calls or having large losses. It shouldn't be the basis of a...

Paulson abandons housing view http://www.zerohedge.com/article/presenting-john-paulsons-complete-les-echos-interview-which-he-bearish-housing-bullish-gold Looks like his 'best time to buy a house' lasted very little. Blames it on Dodd-Frank and not on the excess supply, end of government...

He says he won't allow the bush upper income tax cuts to be extended but the only way he can say that honestly is if he will also say in his campaign to 2012 that he plans to raise taxes on people making less $250K. Obviously the Republicans will propose all or nothing and if he means what he...

I meant incorrect

Bullard: Fed to stay on pause for a while after QE2 http://insider.thomsonreuters.com/link.html?cn=share&ctype=group_channel&chid=3&cid=208778&shareToken=Mzo2Mzg5NDFmYy01Njc3LTRmZDktYmNjMC01ZmFlNzMwOTFjYmU%3D Says that means balance sheet needs to remain stable AND extended period in

Interesting chart on why its not such a bad idea to focus on core prices https://lh4.googleusercontent.com/_VgJQTp0Bsf0/TaR2iwMcjcI/AAAAAAAAAbg/SjuMGMZXYfE/commodity_core.jpg

Because the fact that the trade was a loser counts as evidence that your judgement is correct when making discretionary trades. Also it gets you closer to your drawdown uncle point

It comes down to how much are you willing to tolerate in a drawdown. 20% is too low for me, if I were running OPM I would make sure I never lost 20% but for my own money, heck, I have had positions where I risked that much(And I regret I didn't risk more). Had I lost the bet I would not have...

Oil and commodities are collapsing and the front end is rallying hard, it appears that the market has realized that lower commodity prices will be tied to easy money by the Fed and vice-versa. Its amazing how for a few weeks that was not the case and as oil rose the Dec 2011 Fed futures kept...

A correction here, when I say 'The monetary base will have its interest rate increased along with the Fed funds' I'm referring to the deposits at the Fed portion of it rather than the whole thing

Total US cash in circulation is $941.3B. I believe a lot of it is held abroad by criminals which wont be inclined to buy USTs if rates rise. So the velocity effect should be quite limited given that total US money supply(M2) is almost $9T

Scott Sumner responded with an obvious but smart point I had missed. Hussman uses data of the monetary base not cash. The monetary base will have its interest rate increased along with the Fed funds. Which means that Hussman could be correct, people might flee cash in favor of USTs but they will...

Don't take this too far though, Hoenig has been riping the Fed left and right, including blaming it for the commodity boom, and the guy sat at the FOMC. The fact that lots of economists are related directly or indirectly to the Fed probably makes them slightly biased in favor of the Fed...