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  1. bone

    Democrats Prepare to ‘Fundamentally Reform’ Capitalism

    Does anyone care to remember “Corporate Inversions”? Ireland? The issue at hand is that current corporate income tax rates in the US are roughly at international averages. In other words, competitive. Biden raising them 7% - that’s undisputed. No one denies that. No CEO can ignore 7% on...
  2. bone

    Why Government Sucks at Picking Economic Winners and Losers

    And I meant to make that argument - but the distinction is that you argue for early funding and another poster is arguing for the government to take an ongoing stake. That’s an important distinction and I’m arguing that the ongoing stake model is an SOE and that is problematic.
  3. bone

    Why Government Sucks at Picking Economic Winners and Losers

    Private venture capitalists have such a better track record at taking risk with new ventures than government bureaucrats. And they're not pissing away public funds meant for governance and public works. I can't imagine where we would be if the US government had insisted on complete and...
  4. bone

    Why Government Sucks at Picking Economic Winners and Losers

    If a person has a great idea and it's good enough to get patented - he or she will have zero problems finding venture capital for it in most Western societies. Or at the very least they can take a plane ride to Silicon Valley - more than a few Silicon Valley start-ups came from ideas coming out...
  5. bone

    Why Government Sucks at Picking Economic Winners and Losers

    Thanks for hijacking my thread. See my comment above about why the US owned patents from National Labs and NASA are LICENSED. It is a very good legal reason. Read and comprehend before you respond.
  6. bone

    Why Government Sucks at Picking Economic Winners and Losers

    Thanks for hijacking my thread. Read and think about my comment regarding State Owned Enterprises, countervailing tariffs and WTO enforcement. Also read and think about the litany of ways that governments are horrible at picking winners and losers in the private sector. And how much money...
  7. bone

    Why Government Sucks at Picking Economic Winners and Losers

    This is exactly why US owned patents, like those coming from the National Labs and NASA, are licensed to companies around the World for a modest royalty. And this insane idea that a Country will hold innovators and inventors hostage in exchange for IP protection and a cut of the profits is...
  8. bone

    Why Government Sucks at Picking Economic Winners and Losers

    State owned enterprises and all their forms are subject to countervailing tariffs and this has been confirmed by WTO findings. So a Country may be able to take in XX dollars in export income, but they will be directly tariffed XX dollars by the affected Countries - offsetting the gain. The...
  9. bone

    Gold is such a pathetic hedge(or a non-hedge even)

    Even the currencies have fallen off quite sharply in terms of their correlation value. So much dilution and pumping by Central Banks.
  10. bone

    Gold is such a pathetic hedge(or a non-hedge even)

    Oil is another lost soul. So much supply on the market that there is zero flight-to-quality bid. It's just an analog to the equity markets.
  11. bone

    Democrats Prepare to ‘Fundamentally Reform’ Capitalism

    I find it comically hilarious that the MSM and Elizabeth Warren are pushing her for Treasury. That seat has already been bought and paid for by Wall Street and the seating chart says Jamie Dimon. And Joe knows how to swear fealty to his backers - just ask the credit card companies.
  12. bone

    Gold is such a pathetic hedge(or a non-hedge even)

    Yeah, I agree that it's correlation utility is diminished. Certainly not like it used to be.
  13. bone

    More “Exponential” Exponential Moving Average in Excel?

    Agree about Linear Weighting. Disagree about the utility of it and the utility of more extreme exponential functions as they relate to modeling price data. Would rather use shorter time frame sampling if you're going to discount the earlier time series so emphatically.
  14. bone

    Why Government Sucks at Picking Economic Winners and Losers

    There's been some threads created on this forum about how Governments should be subsidizing economic development - and as of late even more grotesquely taking pension funds and using them to invest in nascent commercial enterprises as venture capital investors and intellectual property owners...
  15. bone

    Stock Market Falls on Fears of Biden Win

    And yet he has been CEO of the JPMorgan Investment Bank since 2005. Granted, he didn’t come up through the IB earlier in his career - but to say he was “never into Wall Street” rings a bit hollow. He certainly had an IB leadership role in the mortgage crisis and the “London Whale” incident. He...
  16. bone

    Stock Market Falls on Fears of Biden Win

    :rolleyes:o_O https://en.m.wikipedia.org/wiki/JPMorgan_Chase
  17. bone

    Stock Market Falls on Fears of Biden Win

    That’s all well and good but we’re trading inter and intra market spreads - not the broad markets. See my banner below. It’s what I’m all about. :cool:
  18. bone

    Stock Market Falls on Fears of Biden Win

    One of the benefits of having traded millions of futures, options, and OTC contracts over a long career is that you make fewer and fewer sweeping generalizations about market behavior.
  19. bone

    Stock Market Falls on Fears of Biden Win

    I happen to know on a first name basis more than a few traders using a system who have done quite well swing trading trends - position holding time frames days, weeks, sometimes months depending on the set up. ;)
  20. bone

    Stock Market Falls on Fears of Biden Win

    The term "Government Sachs" indeed has some merit. Republicans have never bothered to hide the fact that they are pro business. That's about the only transparent thing about them. There was also a Wikileaks John Podesta email from Citigroup to President Obama for Cabinet suggestions that...
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