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So in other words you're looking for a weekly paycheck while your burn through somebody elses money as you're "learning"? Good one :cool:

You think workers in Germany of Japan earn $5 an hour wages? In fact, hourly wages in Germany (in USD) are higher than in the US, i.e. your supposed wage disadvantage would crush any hopes for Germany (or Japan, or Switzerland etc.) to export anything. Yet the opposite is the truth, at least for...

Especially when not taking capital size into account.

I concur. What people don't realize is that all this (economy, life, society) is a game and a show. Not the smart sounding broke guy wins, but the guy who makes the most money. How many broke guys would love to swap bank accounts with Cramer? For all we know Cramer a) retired in 2001...

There are millions of self-employed in the US. Pool cleaners, lawyers, psychologists up to company owners and yes, traders too. Are they all millionaires? No. Why would the world of trading be any different? Some do well, most don't. Just like in any other business people come into trading...

When they write the history of all this they will compare Paulson of 2008 to Mellon of 1931. Bernanke is a freakin' genius compared to Paulson.

Paulson now owns some group of eco-islands where he watches birds and rents out cottages to tourists. Supposedly he's worth $200m+ today. Not too shabby considering the amount of scorched earth he left behind. I'd bet he still tells stories how he left Dick Fuld out in the cold in September...

I can't speak for BuyLo but I suggest the following for starters New pet: Fence upgrade: Couple of these puppies

In 2005/2006 I noticed how many friends and acquaintances suddenly were running their own restaurant or became partners/investors in one. I always asked "What do you know about restaurants that makes you think you can compete in this business?" "Man it's such a growing market you don't have to...

...until it isn't :cool:

Don't forget the Bay of Pigs invasion, JFK's assassination and Pearl Harbor. All engineered by Goldman Sachs. On top of that, rumor has it that Jack the Ripper was a partner at Goldman's London office :D

Sooner or later Whitney will dig her own grave with one of these up/downgrades with daylong CNBC "breaking news" headlines. Anybody remember Elaine Garzarelli? What's she up to these days.

Can you buy SPY, short ES futures to hedge and collect free dividends? There you have your answer.

France (especially the south) can be a great place, the taxes are terrible though if you're wealthy. I have no doubt though that US taxes will be similar within 10 years time as it converges (downhill) with Europe :cool:

trefoil, that was an excellent post.

I read 2008 had two positive GDP quarters. Didn't help much :cool:

Infrequent? There were multiple boom-bust cycles and outright depressions in the 1800s, their effects and aftermaths lasting for many years at times... contrary to the Austrian's credo that all recessions/depressions are quickly resolved if you let everybody and everything fail, because the...

Good point. Look at YouTube, there are thousands of channels filled with "Bernanke is a Thief", "The Jewish Money Conspiracy" and "Ron Paul Currency Revolution" videos. Thousands of comments from what appears to be largely broke college kids who sound like they found a new religion. 19...

In that, many economic belief models share many traits with religions, rather than with scientific theories.

Rape, loot, vandalize :cool: