Eternity Road: "kak�is�toc�ra�cy (kăk'ĭ-stŏk'rə-sē, k�kĭ-) pronunciation
n., pl., -cies.
Government by the least qualified or most unprincipled citizens."
Selasa, 29 September 2009
Home On the Range
Home On the Range: "If she could have sat with me that night, I would have told her how much that the years had brought me. Despite the struggles, I would have told her how much she taught me, how deeply sorry I was for the impatience of my youth, how unappreciative I may sometimes have seemed to what she brought me., the tools she gave me to construct a good life. I would say that I hope wherever she was, that she she had the happiness she brought us, as my tears mingled with the sweat of my work.
Salt and truth."
Salt and truth."
Minggu, 27 September 2009
The Skeptical Optimist
The Skeptical Optimist: "Harvard Law Prof. Charles Ogletree told how Mr. Obama spoke on one contentious issue at the law school, and each side thought he was endorsing their view. Mr. Ogletree said: 'Everyone was nodding, Oh, he agrees with me.'
The reason I have never forgotten this article is its last sentence, in which Al Gore's former chief of staff Ron Klain, also of Harvard Law, reflects on the Obama sensation: 'The interesting caveat is that is a style of leadership more effective running a law review than running a country.'"
The reason I have never forgotten this article is its last sentence, in which Al Gore's former chief of staff Ron Klain, also of Harvard Law, reflects on the Obama sensation: 'The interesting caveat is that is a style of leadership more effective running a law review than running a country.'"
Mostly Cajun, All American and Opinionated � More Humour of the Vilest Sort…
Mostly Cajun, All American and Opinionated � More Humour of the Vilest Sort…
A bear walks into a bar in Billings , Montana and sits down. He bangs on the bar with his paw and demands a beer.
The bartender approaches and says, ‘We don’t serve beer to bears in bars in Billings ‘
The bear, becoming angry, demands again that he be served a beer.
The bartender tells him again, more forcefully, ‘We don’t serve beer to belligerent bears in bars in Billings ..’
The bear, very angry now, says, ‘If you don’t serve me a beer, I’m going to eat that lady sitting at the end of the bar.’
The bartender says, ‘Sorry, we don’t serve beer to belligerent, bully bears in bars in Billings ‘
The bear goes to the end of the bar, and, as promised, eats the woman. He comes back to his seat and again demands a beer.
The bartender states, ‘Sorry, but we especially don’t serve beer to belligerent, bully bears in bars in Billings who are on drugs.’
The bear looks at him quizzically and says, ‘I’m not on drugs.’
(You’re gonna love me for this…)
The bartender says, “You are now. That was a barbitchyouate”
Jumat, 25 September 2009
VDH's Private Papers::Sleeping Through Speeches
VDH's Private Papers::Sleeping Through Speeches
While Obama was praising the U.N., the U.N. was showing America why most of us don’t want much to do with it. The Gaddafi and Ahmadinejad rambling hate-filled speeches were lunatic and nutty; but, remember, they are typical, not unrepresentative of the sort of leaders that the world outside the West so often produces these days. A Chavez, Kim Jong Il, Assad, or Mullah Omar would say about the same. Why would Obama wish to brag of returning to the human rights council given the creepy regimes on it? Watching the U.N. watch Ahmadinejad, I was reminded of Europe circa July 1941. As Hitler swept through Russia, suddenly a Spain, a Sweden, a Turkey, a Romania, a Hungary, etc. as both Axis allies and as neutrals, all in varying ways were horse-trading with Nazi Germany for various trade deals, land grabs, and general profiteering. That the Wehrmacht slaughtered Jews by the thousands the day it entered Russia, mattered not at all; the Nazis looked like winners and it was time to cut deals. By 1944/5, the opposite was true: neutrals and formal allies were bailing and claiming they had been coerced, duped, had no choices, and were now our friends if not allies, after all. Take away oil, and Ahmadinejad and Gaddafi would be written off as two-bit psychopaths that no legitimate body would let in the service entrance.
While Obama was praising the U.N., the U.N. was showing America why most of us don’t want much to do with it. The Gaddafi and Ahmadinejad rambling hate-filled speeches were lunatic and nutty; but, remember, they are typical, not unrepresentative of the sort of leaders that the world outside the West so often produces these days. A Chavez, Kim Jong Il, Assad, or Mullah Omar would say about the same. Why would Obama wish to brag of returning to the human rights council given the creepy regimes on it? Watching the U.N. watch Ahmadinejad, I was reminded of Europe circa July 1941. As Hitler swept through Russia, suddenly a Spain, a Sweden, a Turkey, a Romania, a Hungary, etc. as both Axis allies and as neutrals, all in varying ways were horse-trading with Nazi Germany for various trade deals, land grabs, and general profiteering. That the Wehrmacht slaughtered Jews by the thousands the day it entered Russia, mattered not at all; the Nazis looked like winners and it was time to cut deals. By 1944/5, the opposite was true: neutrals and formal allies were bailing and claiming they had been coerced, duped, had no choices, and were now our friends if not allies, after all. Take away oil, and Ahmadinejad and Gaddafi would be written off as two-bit psychopaths that no legitimate body would let in the service entrance.
Bullying the Open Thread - Atlas Shrugs
Bullying the Open Thread - Atlas Shrugs
Bob Dylan nee Zimmerman :)
Well, the neighborhood bully, he's just one man,
His enemies say he's on their land.
They got him outnumbered about a million to one,
He got no place to escape to, no place to run.
He's the neighborhood bully.
The neighborhood bully just lives to survive,
He's criticized and condemned for being alive.
He's not supposed to fight back, he's supposed to have thick skin,
He's supposed to lay down and die when his door is kicked in.
He's the neighborhood bully.
The neighborhood bully been driven out of every land,
He's wandered the earth an exiled man.
Seen his family scattered, his people hounded and torn,
He's always on trial for just being born.
He's the neighborhood bully.
Well, he knocked out a lynch mob, he was criticized,
Old women condemned him, said he should apologize.
Then he destroyed a bomb factory, nobody was glad.
The bombs were meant for him.
He was supposed to feel bad.
He's the neighborhood bully.
Well, the chances are against it and the odds are slim
That he'll live by the rules that the world makes for him,
'Cause there's a noose at his neck and a gun at his back
And a license to kill him is given out to every maniac.
He's the neighborhood bully.
He got no allies to really speak of.
What he gets he must pay for, he don't get it out of love.
He buys obsolete weapons and he won't be denied
But no one sends flesh and blood to fight by his side.
He's the neighborhood bully.
Well, he's surrounded by pacifists who all want peace,
They pray for it nightly that the bloodshed must cease.
Now, they wouldn't hurt a fly.
To hurt one they would weep.
They lay and they wait for this bully to fall asleep.
He's the neighborhood bully.
Every empire that's enslaved him is gone,
Egypt and Rome, even the great Babylon.
He's made a garden of paradise in the desert sand,
In bed with nobody, under no one's command.
He's the neighborhood bully.
Now his holiest books have been trampled upon,
No contract he signed was worth what it was written on.
He took the crumbs of the world and he turned it into wealth,
Took sickness and disease and he turned it into health.
He's the neighborhood bully.
What's anybody indebted to him for?
Nothin', they say.
He just likes to cause war.
Pride and prejudice and superstition indeed,
They wait for this bully like a dog waits to feed.
He's the neighborhood bully.
What has he done to wear so many scars?
Does he change the course of rivers?
Does he pollute the moon and stars?
Neighborhood bully, standing on the hill,
Running out the clock, time standing still,
Neighborhood bully.
Emigre with a Digital Cluebat
Emigre with a Digital Cluebat
Quote of the Day
"An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself... A murderer is less to fear." --Marcus Tullius Cicero
Senin, 21 September 2009
Minggu, 20 September 2009
Mostly Cajun, All American and Opinionated � Joe Wilson
Mostly Cajun, All American and Opinionated � Joe Wilson
Yeah, THAT Joe Wilson, the one who called Obama a liar. Even the republican “leadership” was shocked.
Kind of speaks volumes about republican “leaders”.
What about “decorum”? Who was talking about decorum a few years back when the story about the kiting of checks from the congressional post office? Or when Barney Frank’s weiner du jour was running a gay prostitution ring out of their joint (heh) apartment? Or when the besainted Teddy Kennedy and Chris Dodd made the waitress sandwich? To ascribe ANY amount of “decorum” to congress is akin to gift-wrapping a bag of dogshit.
Our Imperial Congress, both sides, regularly meets and acts like they’re playing games. They have quaint little rules and traditions that they wrap themselves in to differentiate themselves from us hoi polloi. And at the end of the day, they go away, having put forth changes that affect MY daily life.
Sabtu, 19 September 2009
Francis W. Porretto - Eternity Road
Francis W. Porretto - Eternity Road: "THE STRANGER within my gate,
He may be true or kind,
But he does not talk my talk --
I cannot feel his mind.
I see the face and the eyes and the mouth,
But not the soul behind."
He may be true or kind,
But he does not talk my talk --
I cannot feel his mind.
I see the face and the eyes and the mouth,
But not the soul behind."
Obama’s Crashing and Probably Burning / Dr. Barack JEKYLL and Mr. Obama HYDE � Count Us Out
Obama’s Crashing and Probably Burning / Dr. Barack JEKYLL and Mr. Obama HYDE � Count Us Out
The backlash is sharp as voters learn that Obama is not the man they thought he was.
The backlash is sharp as voters learn that Obama is not the man they thought he was.
By Victor Davis Hanson
September 19, 2009
Jumat, 18 September 2009
60-Second Science Blog Directory: Scientific American Blog
60-Second Science Blog Directory: Scientific American Blog: "At least some members of the Obama Administration plan to call for an end to fossil fuel subsidies as part of next week's G20 economic leaders summit, citing positive impacts ranging from improved energy security to combating climate change. But how much does the U.S. government pay? Well, according to a new analysis from the Environmental Law Institute released today, roughly $72 billion between 2002 and 2008.
More than $54 billion of that was in the form of 23 different tax credits for oil, coal and natural gas producers, including those overseas, most of which are permanent provisions of the U.S. Tax Code. Just $18.3 billion was grants and other direct cash for research and development and other pursuits, such as the Strategic Petroleum Reserve."
More than $54 billion of that was in the form of 23 different tax credits for oil, coal and natural gas producers, including those overseas, most of which are permanent provisions of the U.S. Tax Code. Just $18.3 billion was grants and other direct cash for research and development and other pursuits, such as the Strategic Petroleum Reserve."
Rabu, 16 September 2009
See no Evil; Why Is the Media Refusing to Cover the Acorn Scandal? | The Hippo's Ass
See no Evil; Why Is the Media Refusing to Cover the Acorn Scandal? | The Hippo's Ass
Send a message or a twitter to the news outlets and tell them to get off their butts. Here is a list of media twitter addresses (thanks to Resist Tyranny Now)
Send a message or a twitter to the news outlets and tell them to get off their butts. Here is a list of media twitter addresses (thanks to Resist Tyranny Now)
ABC @abcnews
George Stephanopoulos @GStephanopoulos
Jake Tapper @jaketapper
CBS @CBSnews
Katie Couric @katiecouric
Mark Knoller @markknoller
CNN @cnn
Alexander Mooney @AWMooneyCNN
Anderson Cooper @andersoncooper
Allison Blakely @AllisonCNN
Don Lemon @donlemonCNN
J. Smith @JSmith_CNN
Kim Segal @CNNkimsegal
Kristie Lu Stout @klustout
Rick Sanchez @ricksanchezCNN
Saad Abedine @CNNSaadAbedine
Suzanne Malveaux @SuzanneMalveaux
Fox
Glenn Beck @GlennBeck (send him a thank you)
Huffington Post @HuffingtonPost
MSNBC @msnbc_breaking
Joe Scarborough @JoeNBC
Rachel Maddow @maddow
NBC @NBCnews
David Gregory @davidgregory
New York Times @NYTimes
Nicholas Kristof @nytimeskristof
Opinion @nytimesopinion
Politics @nytimespolitics
USA Today @USAToday
Public Chart Lists - StockCharts.com
Public Chart Lists - StockCharts.com
REQUIRED READING
http://www.zerohedge.com/article/correlation-sp-500-performance-fed-monetization-activities-start-qe
http://seekingalpha.com/article/160619-the-coming-consequences-of-banking-fraud?source=article_sb_popular
http://www.zerohedge.com/article/september-2009-fundamentallydisconnected
http://www.zerohedge.com/article/rosie-unemployment
http://pragcap.com/negotiating-the-w
http://financialsense.com/fsu/editorials/willie/2009/0820.html
http://english.caijing.com.cn/2009-08-20/110227359.html
http://www.zerohedge.com/sites/default/files/images/Deficit.PNG
http://seekingalpha.com/article/156712-how-to-tell-a-real-economic-recovery
http://www.minyanville.com/articles//8/11/2009/index/a/23985
http://www.blytic.com/Player.aspx?key=f45402a39fd24273abb5dacf527cad13
http://www.comstockfunds.com/default.aspx?act=Newsletter.aspx&category=SpecialReport&newsletterid=1473&menugroup=Home&AspxAutoDetectCookieSupport=1
http://seekingalpha.com/article/154641-july-same-store-sales-summary-no-boost-for-retailers
http://www.calculatedriskblog.com/2009/08/consumer-credit-declines-in-june.html
http://dailyoptionsreport.com/blog/post/fear-has-returned-to-the-building/
http://pragcap.com/sentiment-readings-send-up-warning-signals
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQOsME2K0pgvhZ0FoYcuSmyq6zb8uZWruNq6GUf8P5r4VXGeHUWFiHs6xIH608SahlS0pq8-3L9QeU9k4bpIMV0YCCHM840JuAyGCit0oAICj5WCD8jEHxqcBt3s_xSl50Pu0aH2PZptix/s1600-h/DumbSmart%5B2%5D.png
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhP2vCk5iYIZxJPaiElKVEr_k1f1oo2TiHCzrdGaiAJbZPjtJ4De6dmAHuUrlieVGofzQTa7eb5saHlXc_7TnYUE-GU8Y6rxyaf9sDGbqsAr1mO1htveAYYycjkJUWPnp83uWu_PVrgfSKF/s1600-h/DumbSmartLong%5B2%5D.png
http://seekingalpha.com/article/153117-take-a-closer-look-at-q2-earnings
http://www2.standardandpoors.com/spf/xls/index/SP500EPSEST.XLS
http://seekingalpha.com/article/152877-why-gdp-stats-are-still-ugly
http://seekingalpha.com/article/152899-government-expenditures-help-mitigate-gdp-s-decline
http://www.zerohedge.com/article/money-sidelines-fallacy
http://www.zerohedge.com/article/cnbc-now-openly-misrepresenting-reality
http://www.cnn.com/video/#/video/bestoftv/2009/07/26/gps.recession.near.end.cnn
http://pragcap.com/wp-content/uploads/2009/07/dailybuy.jpg
http://zerohedge.blo
REQUIRED READING
http://www.zerohedge.com/article/correlation-sp-500-performance-fed-monetization-activities-start-qe
http://seekingalpha.com/article/160619-the-coming-consequences-of-banking-fraud?source=article_sb_popular
http://www.zerohedge.com/article/september-2009-fundamentallydisconnected
http://www.zerohedge.com/article/rosie-unemployment
http://pragcap.com/negotiating-the-w
http://financialsense.com/fsu/editorials/willie/2009/0820.html
http://english.caijing.com.cn/2009-08-20/110227359.html
http://www.zerohedge.com/sites/default/files/images/Deficit.PNG
http://seekingalpha.com/article/156712-how-to-tell-a-real-economic-recovery
http://www.minyanville.com/articles//8/11/2009/index/a/23985
http://www.blytic.com/Player.aspx?key=f45402a39fd24273abb5dacf527cad13
http://www.comstockfunds.com/default.aspx?act=Newsletter.aspx&category=SpecialReport&newsletterid=1473&menugroup=Home&AspxAutoDetectCookieSupport=1
http://seekingalpha.com/article/154641-july-same-store-sales-summary-no-boost-for-retailers
http://www.calculatedriskblog.com/2009/08/consumer-credit-declines-in-june.html
http://dailyoptionsreport.com/blog/post/fear-has-returned-to-the-building/
http://pragcap.com/sentiment-readings-send-up-warning-signals
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQOsME2K0pgvhZ0FoYcuSmyq6zb8uZWruNq6GUf8P5r4VXGeHUWFiHs6xIH608SahlS0pq8-3L9QeU9k4bpIMV0YCCHM840JuAyGCit0oAICj5WCD8jEHxqcBt3s_xSl50Pu0aH2PZptix/s1600-h/DumbSmart%5B2%5D.png
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhP2vCk5iYIZxJPaiElKVEr_k1f1oo2TiHCzrdGaiAJbZPjtJ4De6dmAHuUrlieVGofzQTa7eb5saHlXc_7TnYUE-GU8Y6rxyaf9sDGbqsAr1mO1htveAYYycjkJUWPnp83uWu_PVrgfSKF/s1600-h/DumbSmartLong%5B2%5D.png
http://seekingalpha.com/article/153117-take-a-closer-look-at-q2-earnings
http://www2.standardandpoors.com/spf/xls/index/SP500EPSEST.XLS
http://seekingalpha.com/article/152877-why-gdp-stats-are-still-ugly
http://seekingalpha.com/article/152899-government-expenditures-help-mitigate-gdp-s-decline
http://www.zerohedge.com/article/money-sidelines-fallacy
http://www.zerohedge.com/article/cnbc-now-openly-misrepresenting-reality
http://www.cnn.com/video/#/video/bestoftv/2009/07/26/gps.recession.near.end.cnn
http://pragcap.com/wp-content/uploads/2009/07/dailybuy.jpg
http://zerohedge.blo
Liberal Rapture
Liberal Rapture
The persistence of the illusion that economists know anything is astonishing. Tuesday Mr. Bernanke, who apparently couldn't be bothered to warn anyone of the coming collapse last fall, said the economic recession is over.
Phew! That wasn't so bad. Bailout the banks by forcing a nation into decades of debt, print piles of cash and BANG! It's over! Whoo hoo!
Here's the dirty little secret Bernanke and his crew avoid: When they say the recession is over - they mean it's over FOR THEM.
The persistence of the illusion that economists know anything is astonishing. Tuesday Mr. Bernanke, who apparently couldn't be bothered to warn anyone of the coming collapse last fall, said the economic recession is over.
Phew! That wasn't so bad. Bailout the banks by forcing a nation into decades of debt, print piles of cash and BANG! It's over! Whoo hoo!
Here's the dirty little secret Bernanke and his crew avoid: When they say the recession is over - they mean it's over FOR THEM.
Liberal Rapture
Liberal Rapture: "The use of the word 'racist' has been so warped and abused since BHO came on the scene that soon it will be synonymous with being called:
*a patriot,
*a person of integrity
*a courageous American
*a person willing to speak truth to power,
*a person who refuses to be controlled and talked down to.
So go ahead - call me racist."
*a patriot,
*a person of integrity
*a courageous American
*a person willing to speak truth to power,
*a person who refuses to be controlled and talked down to.
So go ahead - call me racist."
Selasa, 15 September 2009
CHARMING, JUST CHARMING: Doctors Vs Guns
CHARMING, JUST CHARMING: Doctors Vs Guns
(A) The number of physicians in the U.S. is around 700,000..
(B) Accidental deaths caused by physicians per year are 120,000.
(C) Accidental deaths per physician is 17.1%.
Statistics courtesy of U.S. Dept of Health and Human Services.
Guns
(A) The number of gun owners in the U.S. is 80,000,000. (Yes, that's 80 million)
(B) The number of accidental gun deaths per year, all age groups, is 1,500.
(C) Accidental deaths per gun owner is 0.00188%.
Statistics courtesy of FBI
So, statistically, doctors are approximately 9,000 times more dangerous than gun owners.
Remember,
'Guns don't kill people, doctors do.'
FACT:
NOT EVERYONE HAS A GUN,
BUT ALMOST EVERYONE HAS AT LEAST ONE DOCTOR.
Please alert your friends to this alarming threat.
We must ban doctors before this gets completely out of hand!!!!!
*** Out of concern for the public at large,
I withheld the statistics on lawyers
for fear the shock would cause people to panic
and seek medical attention!
Doctors Vs Guns
Doctors(A) The number of physicians in the U.S. is around 700,000..
(B) Accidental deaths caused by physicians per year are 120,000.
(C) Accidental deaths per physician is 17.1%.
Statistics courtesy of U.S. Dept of Health and Human Services.
Guns
(A) The number of gun owners in the U.S. is 80,000,000. (Yes, that's 80 million)
(B) The number of accidental gun deaths per year, all age groups, is 1,500.
(C) Accidental deaths per gun owner is 0.00188%.
Statistics courtesy of FBI
So, statistically, doctors are approximately 9,000 times more dangerous than gun owners.
Remember,
'Guns don't kill people, doctors do.'
FACT:
NOT EVERYONE HAS A GUN,
BUT ALMOST EVERYONE HAS AT LEAST ONE DOCTOR.
Please alert your friends to this alarming threat.
We must ban doctors before this gets completely out of hand!!!!!
*** Out of concern for the public at large,
I withheld the statistics on lawyers
for fear the shock would cause people to panic
and seek medical attention!
Minggu, 13 September 2009
Delftsman: Quote of the Day
Delftsman: Quote of the Day: "Even if you're on the right track, you'll get run over if you just sit there.
-- Will Rogers (1879-1935)"
-- Will Rogers (1879-1935)"
Rabu, 09 September 2009
The Kirk Report � Blog Archive � 7 Questions
The Kirk Report � Blog Archive � 7 Questions
Q: On four different trades over the last month, I was in ahead of the crowd and in great position, only to lose confidence, get out at a loss, and then watch the things go up. I am scared now to trade and I need to take steps to boost my confidence. Will you consider this and make suggestions? Thank you so much.
A: You need to first take a detailed look at your stop loss strategy. When I hear these things, typically (but not always) it is because stops are set to tight and/or you’re trading extremely volatile positions. I would take the last 50 trades you made and were stopped out at loss in order to determine whether the stop strategy you are using (like one based on average true range) was effective. In addition, if you’re not using a consistent stop strategy in this regard (i.e. you are getting stopping out when you “feel like it or when it “looks good”) you need to start incorporating one right now. Being consistent here is important and will help improve your consistency overall.
As for your level of confidence, remember there’s no room for perfection in trading. Mistakes will be made and you will get stopped and chopped on good positions routinely if you’re doing a good job of managing your risk. After evaluating your stop loss strategy, I’d also look closely into how you position size and whether you are using any “scale-in” techniques. Both are integral parts of the process here.
Finally, the best way to restore confidence is moving onto the next trade once you taken time to fully analyze what has happened with your stop outs and you have established confidence in the exit strategy you use even with the whipsaws that are likely to continue to occur. If your methods are sound, four bad trades shouldn’t rattle your confidence unless they’re the only four trades you’ve made and the exit strategy is faulty by design.
Gary's Greatest Hits on Trading | Page 3 of 3 | Gary B. Smith | Financial Articles & Investing News | TheStreet.com
Gary's Greatest Hits on Trading | Page 3 of 3 | Gary B. Smith | Financial Articles & Investing News | TheStreet.com: "There is a golden equation of trading. This is it: (The win rate multiplied by profit percentage per win) -- (the loss rate multiplied by loss percentage per loss) = expectancy. Learn this equation. Learn that there is an infinite set of numbers that could yield a positive result. And an infinite set of numbers that could yield a negative result."
Gary's Greatest Hits on Trading | Page 2 of 3 | Gary B. Smith | Financial Articles & Investing News | TheStreet.com
Gary's Greatest Hits on Trading | Page 2 of 3 | Gary B. Smith | Financial Articles & Investing News | TheStreet.com: "I asked another student how many times he thought you had to be 'right' as a chart reader in order to make money. I'll bet his answer was the same as yours: 51%. But, of course, that's wrong. The correct answer is that there is no correct answer. You could be right 1% of the time and be filthy rich. How? Let's say I did 100 trades last year, and won once. However, that winner netted me a 200% gain. The 99 losers? I cashed out each for a 1% loss. See the interplay between win rate and gain per trade?"
Gary's Greatest Hits on Trading | Gary B. Smith | Financial Articles & Investing News | TheStreet.com
Gary's Greatest Hits on Trading | Gary B. Smith | Financial Articles & Investing News | TheStreet.com: "The most efficient way to turn a small amount of money into a large amount is through constant compounding. Even small percentage gains per day add up to big gains over time. I asked one of the students if he started with $5,000 and every trading day increased it only 0.5%, how much he'd have after five years. He guessed about $50,000. The answer is $3 million."
Minggu, 06 September 2009
John Fund Interviews David Walker: The Deficits Are Coming! - WSJ.com
John Fund Interviews David Walker: The Deficits Are Coming! - WSJ.com: "'Our $56 trillion in unfunded obligations amount to $483,000 per household. That's 10 times the median household income—so it's as if everyone had a second or third mortgage on a house equal to 10 times their income but no house they can lay claim to.' As for this year's likely deficit of $1.8 trillion, Mr. Walker suggests its size be conveyed thusly: 'A deficit that large is $3.4 million a minute, $200 million an hour, $5 billion a day,' he says. That does indeed put things into perspective."
Jumat, 04 September 2009
Kamis, 03 September 2009
Lame Cherry: If Sarah Palin had been elected....
Lame Cherry: If Sarah Palin had been elected....: "If Sarah Palin had been elected,"
Langganan:
Postingan (Atom)