Search results

25 and obsolete. That's mind boggling.

Considering the market environment, it's more than I would have expected. Not to mention that twenty odd years ago when I was first out of college, the whole concept of "prop trading" was a pretty foreign concept. Basically, you would be looking for a position as a clerk or runner at the...

Yes, the "good cop-bad cop" routine has gone every single day since August. It's easy to forget we had our own mouthpieces pulling this same shit about the US debt ceiling during that time as well.

You forgot the [/sarc off]

Reading thru this thread (and many others like it in recent months), I keep getting those images in my head of EVERY single movie that's ever depicted the future as one of just complete anarchy and decay. I'm still amazed that there are people that think there is some "orderly" outcome to this...

And a few years ago on here guys thought it was "impossible" to have inflation WITHOUT rising housing prices. Lo and behold we've seen commodity inflation, significant increases in the cost of health insurance, property taxes, tuition prices...etc, etc. (Of course some of the wonks around here...

I know and it's something that very few people seem to fully comprehend. Fewer counterparties = greater concentration of risk. Since we simply kicked the can down the road 3 years ago, we still have all of these issues staring us right in the face. Now that the main profit center is...

It's been going on since 2008. And nowadays the market's simply wait for the next headine out of the Eurozone (whether b.s. or not). Seems pretty self-evident to me.

Once again ZIRP rears its ugly head. An abomination of a monetary policy. Four years of this bullshit.

It's worth noting when something as mainstream as Forbes is raising these very questions. I think that there has been far too much blind optimism and complacency these past few years in light of what we witnessed in 2007-08.

Agreed. Stock is just a deeply cynical (probably burned out) guy who is posting alot of tongue in cheek schtick to mock the general sentiment of the board. Most people take the bait and don't realize the game he is playing.

I think the guy is a staffer at the SEC. He's trying to get up to speed on the latest news.

Sorry, this bit of sarcasm has already been reserved by the house troll, otherwise known as "Stock777".

Or how about the higher cost of doing business in the US versus abroad? Remember the wage arbitrage game that the large corps play of re-importing into Western economies has been the profit center for years now. It's very hard to compete in a global marketplace if you are paying US wages (and...

You can already see all the generational in-fighting. The Boomers are scared to death of asset deflation and wholeheartedly support anything that continues to artificially prop up the values of their stock portfolios or real estate. On the flipside, the "Millenials" I guess they are called are...

Well, it's too late now...The "better idea" was to never subsidize those who could not independently raise their children on their own dime. The better idea was NOT to encourage women to have multiple children from multiple boyfriend's to garner more EIC's or welfare checks, etc, etc... I'm...

You sound like me. This is exactly the sort of thing that I could envision. All about "keeping up appearances".

So I'm reading about this Jerry Sandusky guy who his charged with 8 counts of sexual abuse of a minor. The former Penn State defensive co-ordinator had a long history of molesting kids at his youth football camp. The sickest thing is the title of his autobiography is "Touched: The Jerry...

I can't fathom how things will settle down in the next two years or so. If anything we are in the eye of the storm currently. Record low interest rates, two rounds of Quant Easing, ZIRP and still in the stupor of the unprecedented rounds of stimulus, backstopping and bailouts. More than...

Completely agree. This notion that "maybe, possibly" and/or "eventually" traders will be made whole is not the least bit re-assuring. I still feel that much of this gets back to ZIRP. Not only did the lack of interest income compel MF Global to start to ratchet up their leveraging and...