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Good point Martin. I may have jumped the gun on this one. I think my paranoia of a stamp tax got the better of my judgement. But with all the crazy stuff that has happened in the past year along with very desperate moves by governments, it would not have seemed too far off. Cheers.

WOW!!!!!!!!!!!!!!!!!!!!!!!!! Get ready for the stamp tax. This is unbelievably stupid. http://globaleconomicanalysis.blogspot.com/2009/07/sweden-cuts-deposit-rate-to-negative-25.html?ref=patrick.net

It's all very sad, today's announcement is no reason for celebration. All the Fed is doing is changing the measuring stick. From this point forward, can the Fed create money more quickly than the market is destroying it. I don't doubt their ability to do so as Benny reminded us years ago that...

15 minutes and counting, here it comes. Bring it on Benny!

Here's the part I like: "..........Excess liquidity in the financial system was another key element of the quantitative easing policy. The BoJ officially downplays the role of excess liquidity, concluding that excess liquidity only helped to stabilize the banking system and did not stimulate...

Here's an interview from 2006 about QE: (Masanao worked for PIMCO) Q&A April 2006 Tomoya Masanao Discusses the End of Japan's Quantitative Easing Tomoya Masanao Executive Vice President In March 2001, the Bank of Japan (BoJ) began an historic new monetary policy...

I think in the case of Iceland, they will never pay back their debts. The country is simply too small and the debts too large. However, in most cases, the country in question simply monetizes the debt over time after a period of default.

Pretty good, I'll check out Elitefisherman. Ha, ha. Who knew that fishermen would make such good bankers? On par with those in the U.S.? I'm curious as to whether there is rationing in the country, do people and businesses still accept the currency, and exactly how does the government pay...

Are there any people from Iceland who view these boards? I'm very curious as to how people and the country is coping with its economic meltdown. Specifically, since the value of the currency has crumbled, how does the economy function? What are people doing to cope with the downturn? Any...

Do you have any easy links regarding Geithner and the Asian crisis? I did a quick google and of course found thousands of links I don't have time for. Thanks.

Hi Scorbles, I know what you're trying to accomplish by having the commissions taken out of a separate account. It would be great if a person could trade "commission free" within the TFSA so a person could build the account as quickly as possible thereby creating a "tax free" source of income...

bump

Sorry, we're talking two different things here, I thought you meant world GDP.

I think your figure is incorrect, world GDP is $60 trillion. Think, US is 14 trillion, China is 4 trillion, etc. If world GDP is 1400 trillion, we have no problems, all of this is just a drop in the bucket.

Does anyone know where I can find the market capitalization of all U.S. listed companies in a table with data going back quite a few years? Thanks in advance.

Anyone see any news on Colombia today about government instability (more than the usual) or expropriation of foreign assets. The stock in question is Pacific Rubiales on the TSX which is down heavily today on no news. The company has substantial operations in Colombia. It's been a good...

I don't have a clue how good or bad it will be, but I think that a decline of 868 000 jobs would be quite demoralizing for the market given what consensus is. Or, are people expecting the worse and thinking it will be a decline of over 1 000 000 where anything less will deliver a sigh of...

Yikes, I see the consensus for tomorrow's numbers are much smaller than the above: Mar 06 08:30 Nonfarm Payrolls Feb Briefing -650K Consensus -650K Mar 06 08:30 Unemployment Rate Feb Briefing 7.9% Consensus 7.9%

Check these guys out, they're forecasting a drop in U.S. nonfarm payrolls of 868 000 jobs. I do not know how accurate their forecasts are but they claim they are the more accurate than the consensus. Will be interesting to see. http://www.wantedtech.com/pdf/press_releases/PR_2009-03-05.pdf...

I just bought some just for the stock certificate. I've been collecting these goodies as each goes bankrupt. Something to give the kids who are growing up right now but don't understand right now and will have forgotten by the time they are 18.