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Arguing that it's impossible to make money in a certain time frame (intraday, weekly, monthly) would mean that time frame has perfectly efficient pricing. I would doubt that for any time frame, especially for the shorter term ones.

Income distribution has never in history ever made a working class richer over the long term. This illusion only exists in the minds of socialist dreamers. The only type of wealth that is sticky over the long term is one that is achieved through the erection of sustainable technological and...

And you think you can turn a net import nation into a net export nation by simply shutting down the borders one way? Great wealth is achieved when a company, an industry, a region or a nation can produce something more technically advanced, safer, healthier, tastier, cheaper or otherwise...

gnome, please show me one practical example of a nation that through the erection of trade barriers and tariffs achieved above average wealth and prosperity over the long run - trying to protect local industries that would otherwise become uncompetitive.

mgookin, I sincerly suggest you quickly renounce your US citizenship and emigrate to Cuba or Venezuela. These regimes share your views on how economies prosper over the long term and gain wealth. Yes, I ferociously argue that point. If you outsource uncompetitive jobs to 3rd world countries and...

Traders get killed and fortunes change hands all the time. Why is now any different from 6 months ago or 6 years ago?

jdeezero05, excellent post. I find posts that are raving about the 'workers paradise' of the 70s which supposedly had a great standard of living for everyone to be anecdotal at best (if not illusionary).

Did you read my post at all? I said uncompetitive jobs must either compete or disappear. If GM can not compete against Asian and European car manufacturers it must a) try to become competitive through efficiency, effectiveness, technology, marketing etc. asap b) close down and its workers must...

It's a never ending cycle though. Adapt or die. First your shoe factory clothes down, and maybe (if the region is lucky) a microchip plant is opened down the road. 20 years later that is shut down and (hopefully) a genetic research centre opens up. It's only a matter of time when other parts of...

Looks like I am replying to clowns here that have never seen a university from the inside. "They can say anything". They can, exactly once and then never again. You fool have any idea how research is conducted and what "peer review" is? Paul Krugman, Princeton Economist: P.S. You know...

Many people started EXACTLY like that... managing friends & family money before taking on professional investors. Do you think any experienced 3rd party investor would choose you - with zero experience even running your families' money - out of a pool of 10,000 CTAs and professional money...

Why don't all you haters simply renounce your American citizenship, exchange your Dollars for CHF/JPY/EUR/AUD/NZD and simply leave the country? If the demise of the US is so blatantly obvious and can't be stopped... why not put your money where your mouth is, pack up your sh#t, and leave and...

Any and all economic research clearly shows that international trade (outsourcing, importing, exporting) constitutes a win-win situation. Both for developing (US, Europe) and for emerging (Asia, Africa etc.) nations. Yes, there are individual losers (It's not well-paying jobs that are lost as...

Congrats. That's excellent. You might be on to something :)

Fighting inflation windmills destroys jobs. Europe will pay dearly for this short sightedness, just like in the 90s.

By their own standards the ECB has failed, miserably. Growth is faltering, inflation is still around 4% (so much for a strong currency reducing inflation!) and will probably never be brought under their lunatic political 2.0% target. I wouldn't doubt for a second that Prof. Dr. Weber and his...

It seems these clowns forgot that in 7 years of ECB tenure they managed to miss their 2.0% target every year, why would they magically reach it now?? http://www.bloomberg.com/apps/news?pid=20601087&sid=aSC6xiUaP9JY&refer=home ECB's Bini Smaghi Says Inflation Must Be Lowered (Update1) By...

What I am watching here is a papertrader posting thread after thread in the Trading forum about his ridiculous conspiracy theories of how the markets are rigged by politicians. Fantasizing much?

Yes, the republicans are manipulating the equity markets, UFOs are real and the earth is flat.

Nice try of spamming your blog. Good luck to you.