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Where I live, I see no deflation at all except for housing. Food costs are up. Health care cost is up. Gas is up. When the CPI comes out it always makes me laugh. It is a complete farce.

With the Fed's Greenspan/Bernanke track record, it is hard to think of a pair of people who have done more to destroy US wealth than these two. I don't buy your argument.

Look, I understand where you are coming from, but believe me you are better off substituting two symbols to trade instead of BAC and RIMM for December. Your taxes and your life will become so much easier if you do it this way. You can defer your tax-loss taking ability *forever* if you keep...

My advice is don't trade BAC for all of December (and be flat BAC for that entire length of time). Your wash sales will essentially not be wash sales anymore for your 2010 taxes. You need to read up on the details of the wash sale rule and its 30 day provision.

The mortgage interest deduction is just another behavior modification tool the government employs. It should be thrown out along with a bunch of other crap the government uses. However, no way in hell this deduction gets scrapped. The NAR would pay enough politicians off to bury the proposal.

You can "fight back" slightly by buying a high deductible health plan paired with a health savings account.

Nice trade. So if you don't use stops, how do you handle the heat? And at what point would you have thrown in the towel on this trade (if it had gone wrong). How do you prevent blowouts?

It sounds like something that slipped through the cracks and could be resolved easily. I have found calling IB (instead of tickets or chat) produces much better results for these types of scenarios.

Was the fill that you got on that position way out of whack from "normal" market prices at the time?

Just curious on your methodology - do you ever add to a losing position?

Wow game is up! Wow wow wow! Those market makers putting their quotes 8% away from the market at 100 shares showing are going to be able to provide lots of liquidity during a panic! Celebration time!

Thanks for the descriptions of deflation - there's not even a hint of deflation where I live.

My vote (if I had one) is for Volcker as the next Fed head.

I understand what you are saying - certainly the government spends more than it takes in. But the Fed is the one whose mandate is to apparently pick a mystical interest rate that will create "just the right amount" of inflation. Having 0% interest rates when there is already rampant inflation is...

Deflation would be a good thing for some (i.e., people who are responsible with their money) and bad for others (i.e., people who are overleveraged). However, whether you think deflation is bad or not doesn't matter because we don't have deflation.

Part of the trick is telling people that "inflation is too low" while using bogus government inflation figures as your rationale for printing money.

You've got to be kidding me. The Fed bends over backwards to help the banks and makes you pay for it. If the Fed is not in the back pocket of the financial industry, it has a funny way of showing it. The Fed does more damage to your average citizen than any politician can.

It is a great idea until you realize that the "fat funds" would just get funelled into fighting the war in Afghanistan or handing out stimulus checks.

Ben Bernanke is exactly like Nick Leeson or any other rogue trader who continually doubles down without a stop loss. Who is going to pull the plug before it is too late?

The Fed head has no clue what real inflation is because it uses inflation figures that are calculated by the government. These calculations are convoluted to the point where the government can manipulate/massage them to anything they like. Bernanke then uses these imaginary inflation figures to...