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"The debt crisis that began in Greece now threatens Portugal and Spain. EU governments aim to find a solution by March, German Finance Minister Wolfgang Schaeuble said Jan. 13. Purchases of outstanding Greek debt, lower interest rates on rescue loans, aid for Portugal and guarantees against...

Yes and I have a copy of the card in case I lost it

Wikileaks will get the bank data of the tax evaders, its funny, if they publish it that they will help the very goverments they claim to be criminals and that are trying to kill them

I'm back from vacation. For this 2011 my 2 bets are long ZQ dec 2011(in large size) and short EUR(medium size) I have some additional small stock positions but the bulk of the risk are on those 2. I'm not a fan of being long equities, real estate or commodities here though there might be a...

Richard Fisher from the dallas Fed: That said, “we are proceeding with that program” and while it’s not clear what influence recent data has on the effort, “I expect that program to be carried through” to its planned end, Fisher said. The hawks aren`t so hawkish...

As usual, people run their mouth when out of the fomc but become more conservative when they get into the committee. From WSJ: "Fed Chief Gets a Likely Backer When Narayana Kocherlakota gets his first crack at voting at Federal Reserve policy meetings later this month, he is likely to support...

I dont seem to recall the fed minutes talking about the money supply since the crisis began. This one said 'M2 expanded at a moderate rate in November'

Thanks, Happy 2011 for all. Starting this journal helped a ton, having to write out why this or that trade is a good one helped me a lot as I made more research and it became clearer in my head, as a result I made bigger bets when I thought I was right. Sometimes I was able to spot flaws too...

Jon Hilsenrath and Larry Meyer might have info others don't about Fed policy http://www.zerohedge.com/article/why-does-brian-sack-interact-goldmans-fx-committee

Here's one of the studies I mentioned, I cant find another one I remember reading that was broader http://www.uvm.edu/~vlrs/doc/min_wage.htm

One interesting thing I learned from the Shiller book 'animal spirits' is that the labor markets are different from other markets. I used to be quite domatic with regards to things like the minimum wage, 'if it was good to raise $1 per hour, why not raise $100 per hour and make everyone rich?' I...

I got paid yesterday without the taxes

If person A has no use for his own credit score, than that is a way to effectively monetize it to the expense of the financial system that uses that. There are probably more effective ways of doing that, such as going on a credit card spending spree in a store owned by person B, buying...

Not quite sure I understand you. I'm short EUR against USD, JPY and CHF, playing that EU crisis that way

Will we be paid with silverware?

Assange on the rape charges "Q: No. It is happening because a couple of women have alleged that you seriously assaulted them, sexually assaulted them. JA: No. One of the witnesses. One of the friends of one of those women, she says that one of the women states that she was bamboozled into this...

I finished reading Animal Spirits by Shiller and someone else. I very much recommend the book, the chapters of Money Illusion and the Employment markets are must-reads

I'm wondering if the BZF distribution will be subject to withholding tax of 30% cuz in my case its to a foreign entity. In theory it shouldn't since its capital gain distribution not a dividend and they are tax free but I've seen some BS on this before

A xmas gift(Worth $150) for those who were ignorant like myself about Kindle stuff. Instead of burning $150 in what is essentially a shitty notebook just download for free Amazon's Kindle For PC http://www.amazon.com/gp/feature.html/ref=kcp_pc_mkt_lnd?docId=1000426311 Then you log on the...

This is a type of risk that is hard to hedge, the risk that the government will arrest you on false claims and take away your freedom. I've been thinking more how to minimize this because what is at stake is so high. There are some principles that seem to be important -Always pledge the...