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Dr. Milton Friedman's famous definition of inflation: "Too much money chasing too few goods."

Friedman and Schwartz have their place. As a fellow U of Chicago alum it pains me to say that Friedman was wrong about certain things. And leaving capitalism up to the “free market” unencumbered machinations (Avarice) of Investment Banks clearly isn’t a great idea.

Negative rates (Theoretically) essentially force investors to move capital into greater yielding investments - buy businesses, buy stocks, invest in business infrastructure...

1. Powell’s paper on the Fed - that’s fine. It’s fair to argue if the Fed’s structure is relevant and ideal. We haven’t had serious inflation for 45 years so that’s a nonissue at present. If anything, deflationary pressures are an issue but that’s another discussion. The US has the largest...

The Bank of Japan has had negative benchmark interest rates for decades. And it hasn't really helped. The EU went there as ECB policy in order to lower the Euro currency exchange rate versus the US Dollar. Which it did.

I knew who started this thread before I even clicked on the title :D

The negative yield trickles down only so far. For example, in the EU where there have been negative benchmark rates for some time now - consumer loans such as auto and home mortgages are still positive. For example, as of today in Germany the Ten Year Bund Yield is around -0.55%; but a...

Winner winner. :thumbsup: My guess is that like vampire bats they are going to suck some blood out of each "commuter". There will be somewhere between 22 - 30 percent in transmission losses because of the back and forth. Normal power grid transmission losses are around 15 percent. I can't...

There was a very sustained {huge} Contango move in the CL forward curve for several weeks before the May expiry. Point being - you would have been crushed long before April 21st if you were long May or the prompt month against anything.

You are correct !

So, Joe Commuter charges his Tesla overnight. Leaves for work in the morning at 100%, arrives at the office at 87% - then gets in his car to go home in the evening... finds his Tesla at 23% because Tesla has discharged his battery in order to sell the power to the PG&E grid at a premium for...

Good primer from the CME on spread trading futures. footnote: I am personally not a big fan of spreading WTI versus Brent - the positive correlation has come way off the past several years and the cointegration tendencies have gone up (not good). But for the most part these are good, solid...

Go to the CME Educational Section. They have excellent materials on spread trading that is also free. In fact - it's the best commonly available material you can find. Good primer from the CME on spread trading futures. footnote: I am personally not a big fan of spreading WTI versus Brent -...

We’ve reached a critical mass point where people are starting to get out of their homes and redoubts - government nannies be damned. And that will accomplish more than the Fed ever could.

Most of the stuff I trade will have at least a 75% exchange SPAN margin credit. So, for example, if I am spreading A versus B, and the outright margin for A is $5500 and the outright margin for B is $4700; my margin requirement will be $5500 + $4700 X 0.25 = $2550. Most the spreads I trade...

1. This is why I very politely decline taking on new clients with no relevant trading experience - in this case with futures. Properly constructing modeling and trading futures spreads requires solid baseline knowledge. What I do works best when I can take a somewhat experienced futures...

You are making zero sense. None. If you seriously believe that being profitable at progressive jackpot slot machines (Nevada Megabucks odds are 1 in 50M) and lotteries (odds of matching six numbers are at least 1 in 14M) is a more attainable activity than trading regulated exchange markets -...

I mean, we had over a decade with multiple tranches of massive Quantitative Easing and Fed pumping - and how many hundreds (thousands?) of dumbass threads appeared here on ET calling for a market top the entire time... :banghead: Meanwhile, the 401Ks who bought stock every two weeks were...

"Stimulus" is a really poor description that the politicos use. It's more like corporate welfare.

If the market is so "rigged" - then why can't everyone do the obvious and make money trading it? I can see how scalpers have to compete against bots and algos who are buying order flow, and certain elites getting preferential stock IPO issues - but otherwise, shouldn't a "rigged" market be...