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  1. M

    Even with inflation in 1970. It only took 1 worker

    Me: 1. My parents didn't leave nor ever give me a single dollar. All the "things" they have given me were both immaterial and invaluable, such as a strong sense of thrift and a good work ethic. 2. I'm 35. I don't day trade, I trade weekly time frames... not that this makes any difference...
  2. M

    Even with inflation in 1970. It only took 1 worker

    I would love to compare my trading account with yours -- if you clown trade at all that is. How about it, Mr. Arrogant?
  3. M

    Why do people frown upon goldbugs?

    Gold bug propaganda in 1984: "Long gold stocks, best bet for the next 25 years" Reality: Gold bug propaganda in 1984: "Go long gold stocks and short the USD, the USD will become worthless and gold mines become the new currency mints" Reality:
  4. M

    Still nothing changed

    The key really is to put your trading account in perspective with the doom and gloom. The gloom is sky high and your account is in the dumpster. What does that tell you?
  5. M

    How to go long / short small countries?

    Oanda lets you trade EURPLN (Polish Zloty) and EURHUF (Hungarian Forint). If you want to bet on further deterioration in the Ukraine one way to get indirect exposure is to go long those spreads.
  6. M

    A couple of Hugh Hendry trading ideas

    <object id="cnbcplayer" height="380" width="400" > <param name="type" value="application/x-shockwave-flash"/> <param name="allowfullscreen" value="true"/> <param name="allowscriptaccess" value="always"/> <param name="quality" value="best"/> <param name="scale" value="noscale" /> <param...
  7. M

    'This American Life' Today: Awesome, & Why I'm Now + We Are Headed For A Depression

    Chances are they will not be able to "print fast enough", just like in the 30s. Hugh Hendry's (12/31/2008) take on the risk of Dollar devaluation via the printing press vs. a Dollar shortage due to deleveraging:
  8. M

    Even with inflation in 1970. It only took 1 worker

    I don't understand why the middle class can't be rich today? I come from a lower middle class family. An emigrant family with no formal education beyond the 7th grade that started with EUR 500 (in todays money) in the 70s in Western Europe. Today I'm rich. It's not easier or harder to...
  9. M

    Low budget real-time data?

    http://www.qmatix.com/XLQ.htm lets you export historical and realtime data from both yahoo and msn into Excel. You can then manipulate and save the data, then CSV re-import it in whatever other software you want to work on it.
  10. M

    Buffett “We’re certain that the economy will be in shambles throughout 2009

    What a complete dumbass commentary. Braunie clearly must be new to both trading and investing. "Warren is watching his fully invested position go down the drain. If stocks go to the p/e levels of 7-9x that we saw in 74 he will be wiped out." Wiped out? Did this idiot read the report at all...
  11. M

    Pointers about east european crisis?

    If you built an apartment complex in Bulgaria, but took out a mortgage/loan denominated in CHF -- then you owe CHF. This used to be seemingly attractive because local mortgages denominated in Zsloty, Forint, Krona and Lev were "expensive" at 13, 14 or 15 %. CHF mortgages were offered at...
  12. M

    Pointers about east european crisis?

    The fact that hundreds of billions in loans were borrowed in CHF from Eastern Europe against their high yield and high interest currencies, in a quasi carry-trade -- real estate loans that are now falling apart. If you surf around some of the Eastern European real estate sites, many of them...
  13. M

    Slm

    SHORT SLM. Let's see where this dog goes.
  14. M

    World Bank, EIB, EBRD pledge $31.2 bln. Eastern European aid

    Eastern Europe deserves all the money we can print -- in exchange for their top natural resource export:
  15. M

    Even with inflation in 1970. It only took 1 worker

    mccd, that concept is not new, it has been written about in 1867 :cool:
  16. M

    Even with inflation in 1970. It only took 1 worker

    The main culprit for the stagnation (and I think we can safely dispose of the decline myth after the discussion we had so far) of working class wages is a lack proper education policy in the US. Instead, 30 years of laissez-faire education policy left the country with high teenage pregnancy...
  17. M

    Even with inflation in 1970. It only took 1 worker

    Little motivational speech for all the whiners in this thread. You want to make money, you want to get ahead, work for it. Here's your 8 minute MBA: <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/xKzMd328bMw&hl=en&fs=1"></param><param...
  18. M

    Even with inflation in 1970. It only took 1 worker

    What are the results if you exchange average cost of a home ("average" homes have become much bigger in the last 30 years) with average metropolitan apartment rents per sqft.
  19. M

    Even with inflation in 1970. It only took 1 worker

    So let me get this straight. Your mom got $12 an hour for a job that required a highschool diploma for an education. $12 in 1975 @ 3.5% annualized inflation equals $12*1.035^33 (33 years) = $37.32 So the equivalent wage (in today's Dollars) your mom earned was $37.32 an hour or $5,971 a...
  20. M

    Even with inflation in 1970. It only took 1 worker

    Food & Beverage is 15% of the BLS basket. See http://www.nytimes.com/interactive/2008/05/03/business/20080403_SPENDING_GRAPHIC.html
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