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Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

unh_hockey said:
exactly. Its less than a zero sum game for most. The middle men always get their piece of the pie. always.
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Yep. It's just like insurance. Another scam. Seems over 50% of my cash flow is insurance of some sort. So annoying.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

dxmnkd316 said:
Dammit. The market already looks to be smarter than the average bear. Instead of continuing to sell off because of the cluster Fark in XIV, the market is almost up.

I was really hoping for a big sell off again.
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Dropping like a stone since 10 a.m.

I'm safe. Cry havoc and let slip the bears of Ryan.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

Kepler said:
Dropping like a stone since 10 a.m.

I'm safe. Cry havoc and let slip the bears of Ryan.
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None of the money I have invested is going to come out for another 20 years so I'm fine.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

mookie1995 said:
It takes two people to lie....
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Paul Krugman writes in The New York Times Opinion Section: The stock market turmoil should make us take a hard look at the economy’s prospects. And what the data say is that we're headed for much slower growth than Donald Trump and his minions keep promising.
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Yep.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

Can we just call options and derivatives and swaps and most hedge funds what they are: Legalized gambling?

They're not "investments." You're not putting money into a company to help it produce goods and services. You're not buying a piece of property to live in and improve. You're betting on what you think the people actually investing are going to do. Or betting on the people betting on the people investing. (to steal a line from The Big Short).

If all that shiat got made illegal tomorrow, I wouldn't lose a minute of sleep. And if people lose their shirts playing that game, too bad, so sad. None of that is helping the economy in any way, just their own bottom line.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

unofan said:
Can we just call options and derivatives and swaps and most hedge funds what they are: Legalized gambling?

They're not "investments." You're not putting money into a company to help it produce goods and services. You're not buying a piece of property to live in and improve. You're betting on what you think the people actually investing are going to do. Or betting on the people betting on the people investing. (to steal a line from The Big Short).

If all that shiat got made illegal tomorrow, I wouldn't lose a minute of sleep. And if people lose their shirts playing that game, too bad, so sad. None of that is helping the economy in any way, just their own bottom line.
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Ding. Ding. Ding. Tell unofan what he has won.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

unofan said:
Can we just call options and derivatives and swaps and most hedge funds what they are: Legalized gambling?

They're not "investments." You're not putting money into a company to help it produce goods and services. You're not buying a piece of property to live in and improve. You're betting on what you think the people actually investing are going to do. Or betting on the people betting on the people investing. (to steal a line from The Big Short).

If all that shiat got made illegal tomorrow, I wouldn't lose a minute of sleep. And if people lose their shirts playing that game, too bad, so sad. None of that is helping the economy in any way, just their own bottom line.
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I tend to agree. If you put Kepler's "must hold 24 hours" rule into place, a lot of these ultra-short-term ETNs go t-ts up tomorrow. The XIV bust is a perfect example of how a small (~$2.5 billion) security can have significant impact (trillions of dollars of lost value globally) on the market. Because this ETN failed, Credit Suisse and Velocity get called and this puts artificial pressure on the "regular" options market thus having widespread impact. It's a small, small fund but it has had an enormous ripple effect on the market.

These synthetics are insane and in most cases terribly irresponsible.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

unofan said:
Can we just call options and derivatives and swaps and most hedge funds what they are: Legalized gambling?

They're not "investments." You're not putting money into a company to help it produce goods and services. You're not buying a piece of property to live in and improve. You're betting on what you think the people actually investing are going to do. Or betting on the people betting on the people investing. (to steal a line from The Big Short).

If all that shiat got made illegal tomorrow, I wouldn't lose a minute of sleep. And if people lose their shirts playing that game, too bad, so sad. None of that is helping the economy in any way, just their own bottom line.
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And that is the #1 reason that capitol gains should be treated as just normal income. There should NEVER have been an tax incentive to "earn" money via stocks over actually working for it.

That needs to stop.

If we want to help corporations out with people investing in them- then fine- offer some kind of benefit when you buy the stock directly from the corporation, so that they get money and use it. Trades do nothing to a company, other than up and down it's "value".

Consider what the Dow Jones actually means, and you will wonder why we have such a fixation on that. Anymore, it means very little relative to the greater economy.

Drives me crazy.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

alfablue said:
And that is the #1 reason that capitol gains should be treated as just normal income. There should NEVER have been an tax incentive to "earn" money via stocks over actually working for it.

That needs to stop.

If we want to help corporations out with people investing in them- then fine- offer some kind of benefit when you buy the stock directly from the corporation, so that they get money and use it. Trades do nothing to a company, other than up and down it's "value".

Consider what the Dow Jones actually means, and you will wonder why we have such a fixation on that. Anymore, it means very little relative to the greater economy.

Drives me crazy.
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For the last time, short term gains are already taxed at the full amount.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

Put a penny/share tax on all trades. Exempt transactions that qualify as long term gains. That'll stop a significant portion of the high frequency trading over night.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

unofan said:
Put a penny/share tax on all trades. Exempt transactions that qualify as long term gains. That'll stop a significant portion of the high frequency trading over night.
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That also already exists, although not at the specific rate you have requested. It's called the SEC fee, and is applied to the seller.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

unofan said:
Put a penny/share tax on all trades. Exempt transactions that qualify as long term gains. That'll stop a significant portion of the high frequency trading over night.
Click to expand...

One thing that lawmakers should consider- if a Vegas casino would not allow some kind of behavior in their gambling houses, perhaps neither should wall st. There's too much gaming of the system. (pun intended).

It's stunning how there are SO MANY ways that people can make bets in the "stock market". And when they screw the pooch, the rest of us really suffer.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

unofan said:
Put a penny/share tax on all trades. Exempt transactions that qualify as long term gains. That'll stop a significant portion of the high frequency trading over night.
Click to expand...

I work with a guy that used to write proprietary high frequency trading software. He admits it adds nothing of value to society, and he wasn't really happy with the work and didn't stick around too long. This was a while ago.

He thinks they should add a random delay on each transaction. It doesn't even need to be huge, but he says the randomness would be enough to disrupt the algorithms.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

One key to remember with the sell-off: For every transaction, there must be a buyer and there must be a seller. Who made the big profit? I've been hearing the Rothschilds have been selling quite a bit lately...
 
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