2010-11-28, 02:41 | Link #10101 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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Oregon bomb-plot suspect told agents he wanted ‘a spectacular show'
http://www.theglobeandmail.com/news/...rticle1816351/ Another young than wanted to kill a bunch of peoples, just this time it wasn't a shot-out but terrorism.
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2010-11-28, 03:27 | Link #10102 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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When I hear investment bankers (scammers) whine about the young investor's spending habbits and at the same time are trying to convert them back to the scamming system... I feel like punching some sense into them
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2010-11-28, 04:04 | Link #10103 | ||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Seriously speaking, sometimes I find that their idea of "investing" is a little ridiculous, granted though risk is present in all forms of investing, short-selling is nowhere less risky than buying stocks and holding them, trading software have something called "stop loss" and "draw channel lines", and it is only 100% risky when you don't use these stuff at all. Though right now, I REALLY don't know what is the hype about forex amongst us youngsters as the "best first step" in learning how to invest. Some of those around my age kept going "let's short on anything equated to the USD because it is going to be bearish in the long run" make me want to go facepalm : sure it is going bearish but it doesn't mean it isn't going to grow from time to time - ever heard of inflation and rallies? One thing I fear though, is that I might get peer-pressured into "leeching the fake guru" - an economic boom is imminent so anything you buy will most likely go up, and I might just buy into what the next thing the Bloomberg newscaster suggests, passed onto me from one of my more popular classmates.
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2010-11-28, 05:00 | Link #10104 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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The financial system with all the markets (e.g. stock exchange, real estate market, credit market, currency market...) has when you summarize it a lot of loop-holes and hence is misused where-ever possible. Unfortunately a comparison with a lottery cannot be made (since lottery promises high interest returns, but at the same time is honest and easy enough to understand in that only a selected lucky few get those returns... and it is purely based on luck, not on the money you can pump into the system to make it more benficial for you). Many of the small IB fish are just... uh... jugglers, they think they know what they are doing and believe in a system that they do not fully understand. Its more like a religious cult of money less like serious business when you entrust them with your money. They are simply marionettes. But there are also people who understand the system, but have not enough influence/money to make it work efficiently for them or simply do not care. Those I would put in another category of people who will happily trade critical thinking for a personal gain: http://www.allposters.co.uk/-sp/Futu..._i2370652_.htm And than you have the cult leaders... What I basically wanted to say is, that every IB has at least his/her own little greed-driven function in that system (since I don't want to generalize I will admit that there might be a few exemptions - but they cannot be very succesful IBs... because their investment plans cannot keep pace with the much more promising high risk (begs the question for whom high risk anyway) plans of their colleagues who sell these things like it was virtually foolproof business (again begs the question for whom and what "virtually" means). Anyway, I'ld still wouldn't call the whole system a scam if it were just that. The line where I call it scam is when the investment strategies are not allowed to fail (because there is a systemic risk) and the people who gained extra ordiniraly while being aware of the forseeable break down are not held accountable and hence make the strategy beneficial for a selected few (the scam masters) and bad for everyone else (including those who never agreed to take part in the whole high risk game - but are unlucky enough to have no choice but to shoulder the bailouts).
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2010-11-28, 07:16 | Link #10105 | ||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Being a student of Finance myself, I do realise that even what the schools teach are incredibly condensed, I don't remember a teacher introducing Keynes and go through his IS/LM in detail. The WORST one I have ever seen said "The whole economy of the world is based on the efficient market hypothesis". The real estate market is probably one of the most bloated markets in the world, because it is simply assumed in many sectors that land itself will never decrease in value in the long run (and that is because of inflation). The next one up, will be the currency market, as governments continue to value other countries' currencies in their own terms. The last part of having the "money pumped into the system" with regards to our economy, is actually inevitable as the world "shrinks". To let an economy itself simply crash can be disastrous to the future growth as it might take eons to even recover to the previously rate of growth, leading to civil instability. It is actually a large part, a political issue as the ruling has to protect their position. Personally speaking, I think the market can be dirty, but I guess it is fair enough as a testament to how greedy all of us are. On a less serious note, there is one ultimate way for the stupid to trade, the Elliot Wave Principle. Quote:
Not wanting to have an investment fail is every fund manager / banker's dream, but it is undoubtedly unrealistic because an investment is a business and shit happens. It has to be taken seriously, updated and watched from time to time to ensure that the source of income doesn't disappear. Cult leadership is pretty much how most "day traders" surround "professionals" from places like Bloomberg and WSJ. The followers are leeches. What is worse that some people claim to trade by "price action" and put themselves into financial ruin by not wanting to believe that they have lost the trade. The mantra of "cut your losses and let your profits run" is put down by those who didn't know what is enough for them, and what needs to be stopped immediately (namely, don't move the damn stop loss). A business is a major project undertaken, there has to be some form of damage control. Even modern battleship doctrines include a certain set of parameters to be fulfilled before the crew is to bail, so why many financial institutions simply don't want to admit that their plans of investment failed? P.S Actually, I was wondering about the British debt to US since WWII, I don't remember seeing it being repaid, and I seriously wonder how much is it now due to inflation. If that is so, the entire world is now in debt, not even the financial strength of China can save the world economy in the next few crashes.
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2010-11-28, 08:36 | Link #10106 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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An economy doesn't automatically crash when it doesn't grow for a decade. The real problem is debt, to be able to repay rising debt, economy growth is the driving factor and thus wanting more investment (which creates more debt).... This is basically a competition who can live best at the cutting edge balancing on a knife's edge (celebrating deregulation). This however makes the whole system terribly chaotic (and you don't need to ask an oracle to predict who is hit worst in such a chaos... certainly not the scam masters).
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Last edited by Jinto; 2010-11-28 at 09:45. |
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2010-11-28, 14:21 | Link #10107 | |||
Sensei, aishite imasu
Join Date: Mar 2008
Location: Hong Kong Shatterdome
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...although it'd certainly be a good idea to assign ROK special forces teams, particularly the counter terrorist ones. I'm thinking that one thing the North Korean infiltrators would try to do is something similar in the Mumbai attacks, with ununiformed attackers raising as much havoc as possible. Although there's likely to be far more of them, and much better coordinated. Along with artillery and nuclear attack, infiltrators are probably the biggest threat the North Koreans have in their deck. Quote:
Though given the Koreans history at COIN ops during Vietnam...being a captured ununiformed North Korean infiltrator is bound to not be pleasant experiance. |
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2010-11-28, 14:29 | Link #10108 | |||||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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The thing is, the debt-system we have used has been in place for close to a century since the start of the British Empire's decline, WWI/WWII and the entire of Cold War itself. WWI has caused plenty of damage to Europe and France that technically speaking, it is technically impossible for Germany at that time to repay the entire reparation according to the Treaty of Versailles, making the entire Europe in debt. Then came WWII which US sold arms and materiel on credit to the frontlines, namely Europe. Then we have the Cold War, which by then, the whole world is in debt, and the communist countries dropped themselves into it thanks to collectivisation and the focus on output, driving them into losses and losses. Though the US removed the peg of the dollar to gold in 1970 and giving it virtual control of the entire's world economy, it is already in bad debt. And the subsequent crises are simply worsening it along with inflation : in short, Grisham' Law has already come true and the pieces of paper we have in our hands, on a macroeconomic scale, is worthless and as good as bad money. The reason why it is given a value is because someone else is holding onto our debt, and we are holding onto someone else's. I do realise that this is how the world works and it is disgusting, but the problem is that we have gotten so deep into this mess that digging our way out would mean to rebuild the entire financial system from scratch; the best we could do right now is to tighten regulations, however the corporations would move to countries with less regulation and deprive our government of corporate tax, which is usually larger than how much an average citizen pays altogether. It is an irony that the business entities are those who create the pitfalls and the citizens clean up the mess. Though virtual bubbles create short-term benefits for a period of economic boom, and facilitates liquidity of money, the crashes they cause are huge when the time comes to repay the debt : the bank lends but is bogged down by the huge number of bad debts that it has to fold. Investment companies are so concerned about liquidity (what they bought that can be sold) that they forget that they are helping to forment a bubble. In the context of science, air is the most viscous and fluid out of the three basic states of matter, and when it is all air in the bubble, it simply bursts due to differences in low external pressure (market reality) and high internal pressure (market expectation).
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Last edited by SaintessHeart; 2010-11-28 at 15:11. |
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2010-11-28, 14:53 | Link #10109 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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Opposition cries foul in Egyptian election
http://ca.reuters.com/article/topNew...6AR0OB20101128 Haiti candidates demand cancellation of elections http://ca.reuters.com/article/topNew...14515320101128 Did someone really expected it to go in another way ?
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2010-11-28, 15:40 | Link #10110 | ||
Sensei, aishite imasu
Join Date: Mar 2008
Location: Hong Kong Shatterdome
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The little amount of stuff I've read about South Korean Marines and Special forces is that you don't want to fuck around with them behind their backs. |
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2010-11-28, 15:44 | Link #10111 |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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@SaintessHeart,
lets say that I agree, in that I don't know of an ideal solution for the debt/growth problem. Typically I would propose stricter regulation, but it requires only a selected few develop(ed/ing) countries, who risk the stability of the entire system, in order to have an economically sunnier place than others, for a certain amount of time (international competition) to counter any such stabilization efforts. This is where capitalism basically axes itself (sustainable growth is a long term goal, but raising profits is a more important short term goal). What I want to say is, that I do not disagree with you, but I guess I am more idealistic (not that I have a solution). :P
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2010-11-28, 18:13 | Link #10112 |
Senior Member
Join Date: May 2009
Location: classified
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Well, the Irish are pretty pissed right now.
http://www.guardian.co.uk/world/2010...trators-dublin Oh, and wikileaks just dropped a "info-bomb" on the world, 250,000 of them anyway. http://www.nytimes.com/2010/11/29/wo...s.html?_r=1&hp
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2010-11-28, 18:44 | Link #10113 |
Um-Shmum
Join Date: Dec 2007
Location: at GNR, bringing you the truth, no matter how bad it hurts
Age: 39
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good old Wikileaks.
showing us once again, that sufficient amounts of stupidity are indistinguishable from malice. foolish and dangerous. this will cause needless damage, and will more then likely get people killed. or maybe thats the point.
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2010-11-28, 19:35 | Link #10117 |
Takao Tsundere Cruiser
Join Date: Oct 2008
Location: Classified
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Wikileaks cables: key issues
Some interesting bits from Wikileaks. No surprise, some of the Arab countries don't like President Mahmoud Ahmadinejad and the US think PM Silvio Berlusconi is very vain leader.
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Last edited by MrTerrorist; 2010-11-28 at 20:50. Reason: Grammar |
2010-11-28, 19:44 | Link #10118 | |
Um-Shmum
Join Date: Dec 2007
Location: at GNR, bringing you the truth, no matter how bad it hurts
Age: 39
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many of the leading arab leaders have ASKED the us to ATTACK iran. there is a difference between the two. the fact that they don't like each other isn't new (its the middle east, nobody likes anyone) the fact that its now public information that they made attempts to attack Iran via a third party - is likely to cause problems in the future. exposing this fact publicly might well lead to an escalation in the future. especially if Iran does turn nuclear some day. diplomacy in the middle east requires tact, balance, and double talk. and these documents fly in the face of all that.
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2010-11-28, 20:51 | Link #10120 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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The world shifts accordingly between order and chaos : where there is order, chaos will occur. Where there is chaos, order will arise. It is only a matter of time before an appointment holder in society, known as the "politician" realises that sinking too far to one side is nowhere good for the future. The problem is, who will that guy be? I am a pragmatist by default btw, so I am actually not far off from the idealist-optimist-pragmatist-pessimist spectrum of perspectives.
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current affairs, discussion, international |
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