I think I meant that the traders, Merriwether, Scholes etc did not lose money. Maybe I'm wrong about that, skimmed thru the stuff too fast.
No. In meltdowns, asset prices move the same direction. See Long Term Capital Management for more. However their own wealth was fully hedged as...
The same nationalized BoE got its ass kicked by George Soros. You telling me nationalizing central banks works? You have a nationalized central...
They say when deflation occurs, people hoard money. Not true, new electronic products inevitably get cheaper, yet people buy and buy and buy....
Why do people always spell his name wrong? Even "Modern banking" repeatedly refers to him as Mr. Buffet LOL!(pg 459) I'm betting BuffetT has the...
ROFL! Credit cards are assets! :p
Well Finland is considered a successful economy and has over 10% unemployment.
To the first one: Issuers of credit? You mean commercial banks? How do banks profit from inflation? Unless you do Islamic banking which pays no...
Best? Wasn't that in the 19th century? :D Don't forget, money supply growth in the UK is growing at a rapid 8-9% annually, go figure, any economy...
Because of it? Surely you didn't read about KIA and etc going bankrupt. I think Singapore and so on are successful because their country is...
Federal Reserve as a lender of last resort is necessary.
$631, long with rather tight stop.
Being long at 559.5 your ROI was certainly higher than mine(which had to deal with the whipsaws) Congrats. Still waiting for break of 630, though...
Ok, might be wrong :). 625.60 now, buy on 630 break. Way too influenced by "Menta Li Ill is our King, he can't hurt a thing. Menta Li Ill is our...
Sold 621 All. No point in holding any if I feel it's going to get cheaper....
I feel the korean threat is overhyped. Technicals bad, euro crashing. Selling more actually. 623.90
624.40, selling half for now.
Freakonomics Great book.
Capitalizm will destroy itself by debasing its currency-- Lenin :D
Bull for the forseeable future ;). So many bears, delightful.
Separate names with a comma.