Balta1701 Posted August 2, 2012 Share Posted August 2, 2012 There was something funny to me about looking up at the TV while at the gym and seeing the anchors on CNBC ranting about how high-frequency, computer driven trading is destabilizing the markets and destroying confidence. Socialists. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 2, 2012 Share Posted August 2, 2012 QUOTE (Balta1701 @ Aug 2, 2012 -> 01:06 PM) There was something funny to me about looking up at the TV while at the gym and seeing the anchors on CNBC ranting about how high-frequency, computer driven trading is destabilizing the markets and destroying confidence. Socialists. The funny part is there is a decent change I know the person giving the rant. Link to comment Share on other sites More sharing options...
StrangeSox Posted August 6, 2012 Share Posted August 6, 2012 Really cool graphic showing the rise of High-Frequency Trading day-by-day: http://blogs.reuters.com/felix-salmon/2012...ay-hft-edition/ Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 6, 2012 Share Posted August 6, 2012 What the hell is the ISEX? Link to comment Share on other sites More sharing options...
StrangeSox Posted August 6, 2012 Share Posted August 6, 2012 The best market I've ever heard of. Link to comment Share on other sites More sharing options...
Cknolls Posted August 7, 2012 Share Posted August 7, 2012 QUOTE (southsider2k5 @ Aug 6, 2012 -> 06:19 PM) What the hell is the ISEX? The ISE Exchange. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 7, 2012 Share Posted August 7, 2012 QUOTE (Cknolls @ Aug 6, 2012 -> 07:59 PM) The ISE Exchange. lol. I have never seen it labeled that way. Link to comment Share on other sites More sharing options...
StrangeSox Posted August 8, 2012 Share Posted August 8, 2012 Another day, another banking scandal. This time it's a British bank laundering Iranian money in the US. Link to comment Share on other sites More sharing options...
bmags Posted August 8, 2012 Share Posted August 8, 2012 QUOTE (StrangeSox @ Aug 8, 2012 -> 10:44 PM) Another day, another banking scandal. This time it's a British bank laundering Iranian money in the US. How devoid of any sort of morals or sense of country can you be? Link to comment Share on other sites More sharing options...
lostfan Posted August 8, 2012 Share Posted August 8, 2012 QUOTE (bmags @ Aug 8, 2012 -> 06:31 PM) How devoid of any sort of morals or sense of country can you be? Banks do have morals. Just not our morals. Link to comment Share on other sites More sharing options...
Balta1701 Posted August 8, 2012 Share Posted August 8, 2012 QUOTE (bmags @ Aug 8, 2012 -> 06:31 PM) How devoid of any sort of morals or sense of country can you be? It would be amoral and unpatriotic not to make money any way you can. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 9, 2012 Share Posted August 9, 2012 QUOTE (StrangeSox @ Aug 8, 2012 -> 04:44 PM) Another day, another banking scandal. This time it's a British bank laundering Iranian money in the US. I can't believe you left out the best part. You f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians?" the quote was rendered in documents released by the regulators. Yeah for US regulators... it only took a decade! Link to comment Share on other sites More sharing options...
Balta1701 Posted August 10, 2012 Share Posted August 10, 2012 Goldman Sachs will not face charges in the 2008 collapse. Sigh. But hey, they'll know not to do it again right?! Link to comment Share on other sites More sharing options...
Y2HH Posted August 10, 2012 Share Posted August 10, 2012 QUOTE (Balta1701 @ Aug 10, 2012 -> 08:14 AM) Goldman Sachs will not face charges in the 2008 collapse. Sigh. But hey, they'll know not to do it again right?! You aren't actually surprised by this, are you? Link to comment Share on other sites More sharing options...
StrangeSox Posted August 10, 2012 Share Posted August 10, 2012 Link to comment Share on other sites More sharing options...
Balta1701 Posted August 10, 2012 Share Posted August 10, 2012 QUOTE (Y2HH @ Aug 10, 2012 -> 09:26 AM) You aren't actually surprised by this, are you? Nope. Nor will I be surprised when they wind up at the heart of the next crisis. Link to comment Share on other sites More sharing options...
Jenksismyhero Posted August 10, 2012 Share Posted August 10, 2012 Good read on how college debt is about to be a bigger problem: http://www.zerohedge.com/news/bernanke-jus...stability-issue This crap is just not sustainable. My generation and younger are putting themselves in so much debt with little hope of paying it off. My wife and I are at about $160k. I guess in 20 years it'll be nice to have that extra income to pay for a vacation home, or more likely to pay for a semester of my kids' college tuition. Link to comment Share on other sites More sharing options...
StrangeSox Posted August 10, 2012 Share Posted August 10, 2012 Good thing it's non-dischargeable in bankruptcy, too! for-profit colleges account for something like 20% of (federally-guaranteed) student loans but 80% of the default rates. There's on-going controversy over law schools and them being dishonest about debt loads and employment rates, too. Link to comment Share on other sites More sharing options...
farmteam Posted August 10, 2012 Share Posted August 10, 2012 (edited) QUOTE (Jenksismyb**** @ Aug 10, 2012 -> 10:22 AM) Good read on how college debt is about to be a bigger problem: http://www.zerohedge.com/news/bernanke-jus...stability-issue This crap is just not sustainable. My generation and younger are putting themselves in so much debt with little hope of paying it off. My wife and I are at about $160k. I guess in 20 years it'll be nice to have that extra income to pay for a vacation home, or more likely to pay for a semester of my kids' college tuition. Yeah, it's disturbing. Even if I can find a decent paying job right out of law school, I'll probably have to live more thriftily than I do as a stereotypical poor law student. ... ... That post might have reeked of entitlement/whining. Edited August 10, 2012 by farmteam Link to comment Share on other sites More sharing options...
Y2HH Posted August 10, 2012 Share Posted August 10, 2012 (edited) QUOTE (Jenksismyb**** @ Aug 10, 2012 -> 10:22 AM) This crap is just not sustainable. My generation and younger are putting themselves in so much debt with little hope of paying it off. My wife and I are at about $160k. I guess in 20 years it'll be nice to have that extra income to pay for a vacation home, or more likely to pay for a semester of my kids' college tuition. That depends... It's ok to put yourself into debt for college *IF* you are going to college for something useful to the world around you. For example, going into debt to become a nuclear engineer is a bit different from going to be a ... psychologist. One of the two will probably have an infinitely easier time repaying their student loan debt. Edited August 10, 2012 by Y2HH Link to comment Share on other sites More sharing options...
bmags Posted August 10, 2012 Share Posted August 10, 2012 I was looking at a story about Roosevelt University in Chicago that seemed to encapsulate everything wrong with colleges right now. They were talking about how their tuition had gone up about 200% or something outrageous (probably less) the past 4 years and his quote was something like : "We realized that we were providing a lot more value than our tuition suggested, so we were just bringing the tuition up to reflect that" Your GOAL should be to provide more than your tuition. Link to comment Share on other sites More sharing options...
StrangeSox Posted August 10, 2012 Share Posted August 10, 2012 What constitutes a "useful" degree is fluid. A nuclear engineering degree in Germany sounded great 4 years ago when they promised to keep their plants running for 20 years. Now it'd be kinda worthless. Link to comment Share on other sites More sharing options...
bmags Posted August 10, 2012 Share Posted August 10, 2012 QUOTE (Y2HH @ Aug 10, 2012 -> 03:33 PM) That depends... It's ok to put yourself into debt for college *IF* you are going to college for something useful to the world around you. For example, going into debt to become a nuclear engineer is a bit different from going to be a ... psychologist. One of the two will probably have an infinitely easier time repaying their student loan debt. I get this, but also this idea that english degrees are worthless is pretty stupid. When you look at executives at companies it's incredibly common to see liberal arts degrees. Link to comment Share on other sites More sharing options...
Jenksismyhero Posted August 10, 2012 Share Posted August 10, 2012 QUOTE (Y2HH @ Aug 10, 2012 -> 10:33 AM) That depends... It's ok to put yourself into debt for college *IF* you are going to college for something useful to the world around you. For example, going into debt to become a nuclear engineer is a bit different from going to be a ... psychologist. One of the two will probably have an infinitely easier time repaying their student loan debt. That's the conventional thinking that's no longer accurate. There was another article out there recently (yahoo finance?) that talked about the number of "good jobs" (doctors, lawyers, engineers, etc) decreasing year over year. SO many people these days have degrees and those jobs are becoming harder and harder to come by. The harder it is to get a job, the more competition, the lower the salary. Yes, you'll make more than the average person, but you have a ton of debt so all that gain is a wash. And the problem is only going to get worse. Link to comment Share on other sites More sharing options...
bmags Posted August 10, 2012 Share Posted August 10, 2012 QUOTE (Jenksismyb**** @ Aug 10, 2012 -> 04:42 PM) That's the conventional thinking that's no longer accurate. There was another article out there recently (yahoo finance?) that talked about the number of "good jobs" (doctors, lawyers, engineers, etc) Not quite: The report, by John Schmitt and Janelle Jones of the Center for Economic Policy and Research, defines "good jobs" as those where the worker earns at least the median wage - around $38,000 yearly - uses employer-provided health insurance and has some sort of retirement fund, either a traditional pension or a 401(k) account. This would mostly be accounted for in the loss of manufacturing jobs that had generous packages. Considering the explosion in healthcare, I really doubt there's less doctors jobs to go around. There could be quite a bit more if they allowed more into medical schools. Link to comment Share on other sites More sharing options...
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