patrick.net

Peter P,

Well, nothing is necessarily "wrong" and even firm believers in trad. fin. architecture say that 3 to 5% can be adjudicated toward "speculative" positions.

Does that include shorts? In a lot of cases just by charter (articles of incorporation) charitable inst. and IRA's shorting isn't usually possible. However "I" see absolutely nothing wrong or counter productive if you have the stomach for it. In a generally appreciating market shorting has more peril to it than basically any other form of trading.

Btw, for those that haven't been over to SDCIA (San Diego Creative Inv. Assoc.) ALL talk has turned away from flips and 1031's to shorting builders and lenders. Weird huh?

In a generally appreciating market shorting has more peril to it than basically any other form of trading.

True. I remember reading Market-Neutral Investing : Long/Short Hedge Fund Strategies. Looks like Equity Hedge has been generating some pretty decent returns.

I know then from than, but something that properly checks for singular/plural and verb tenses would be very useful for me. I never quite gotten a hang of proper English grammar.

I prefer open source and web based applications. Faster updates and greater reliability, also sidesteps the stupid rights issue. I hate copyrights - I think they should get 15 or 17 years just like patents.

My short in CFC is the only thing that made money today. :D

I never quite gotten a hang of proper English grammar.

Human languages have difficult grammatic rules.

I prefer open source and web based applications. Faster updates and greater reliability, also sidesteps the stupid rights issue. I hate copyrights - I think they should get 15 or 17 years just like patents.

I like to be able to work offline. Otherwise, I will be coming here too often.

I think many EULAs allow installation on a desktop AND a laptop, which is still quite generous. I am fine with the current copyright laws. However, many people do not understand that they are not buying the software; they are merely buying a license to use the software.

I know then from than

I know loose from lose. :-P

I might be reading too much into this, but I suspect we'll see more stories like this as finances collapse around people's ears. :(

I'm obviously too educated and too old to ever breed.

They worked menial jobs to pay a townhouse mortgage, took in a boarder and had a few run-ins with the law, including a shoplifting arrest over children's clothing.

Theft is a crime of moral turpitude. They could have been deported.

I’m obviously too educated and too old to ever breed.

Huh?

I might be reading too much into this, but I suspect we’ll see more stories like this as finances collapse around people’s ears.

People are responsible for their choices. They should be held accountable for their choices. If they make the wrong choice, they better fact the consequences. If they choose the "easy" way out, they deserve no sympathy from me or any other reasonable person.

Contrary to popular belief, one cannot always breed his/her way out of a difficult situation. Is a child really a gift from God?

Fine, I am incapable of compassion. You can all hate me now.

astrid,

My oldest sister was unable to have children. As a result she saw all of the nieces and nephews more as "individuals" and people rather than "freakin' kids". I was always surprised how well behaved the kids were when we came to pick them up.

The world needs AUNTS too ya know! :)

The woman is younger than me and she has a 9 year old kid! Her kid would probably have had kids before most people in my high school IB class do.

The really freaky thing is that I knew someone just like this in high school (in Montgomery country, MD) who was a sophmore but 19 years older. At that time she had two kids, one was 3 or 4 years old.

But people like this make me never want to have kids, because this kind of gene pool for the next generation cannot end well.

Peter P

Such libertarian ideals are immune to the fundamental shift in perspective regarding children when one becomes a parent. This too is likely a natural thing and has ensured the survival of our species to this point.

After the first time gazing into your own child's genuinely innocent eyes you immediately realize that children are never "deserving" of any fate, regardless of the sins of their parents; regardless if their parents are deserving public hanging. It was not the child's obligation to mold their parents.

But people like this make me never want to have kids, because this kind of gene pool for the next generation cannot end well.

Well said.

After the first time gazing into your own child’s genuinely innocent eyes you immediately realize that children are never “deserving” of any fate, regardless of the sins of their parents.

I hear you. This is another reason why I am afraid of having kids.

Randy,

I don't think Peter P or I were suggesting the kids (or even the husband) deserved what happened to them. Rather, that those kids should not have been born at all because the parents were not morally or financially ready to be responsible parents.

DinOR,

Well, we'll see what happens. Right now, my cousins and my boyfriends siblings are all shaping up to be DINKs or just plain single. There might not be any kids in our future, just a lot of free time for poker nights, foreign travel, and bread baking.

There might not be any kids in our future, just a lot of free time for poker nights, foreign travel, and bread baking.

It will be much worse. People in underdeveloped countries will continue to breed at neck-breaking pace while educated folks are disincentivized to have kids. The result is that the would will be completely occupied by cavemen. Humanity will de-evolve.

People in underdeveloped countries will continue to breed at neck-breaking pace

This is exactly why I refuse to give to any charity sending food to third world countries without sending condoms. Which means I don't give to any of those charities.

My solution:

1. Modify foreign aid strategy, move from a need-based paradigm to a merit-based paradigm.

2. Improve access to education in the third world. Education is way more important than food.

3. Import techology into the third world. This should vastly improve quality of life over time.

4. Discontinue all need-based welfare systems in the developed world.

This is exactly why I refuse to give to any charity sending food to third world countries without sending condoms.

I agree with you.

Peter P,

Do keep in mind that the bulk of my family is in Shanghai.

Sad but true, the individuals in my family who are most likely to breed are also the dumbest of the bunch.

Peter, gc at yahoo.com was a fake email address. Try now.

Sent.

DinOR,

1% is actually pretty low in terms of overall transactions expenses, mgmt. and service. Merrill is about 2% and most are in between. My guess is the rep probably feels you are well established in your field, know everybody that’s worth knowing and is at least attempting to leverage your referral base. Throw the guy/gal a few bones and see if s/he will negotiate down even a little further?

The truth is that I am under the minimum assets required for that cost level, but this is an old friend of mine who I agreed to let manage my money as a favor to him, since he is just starting out. He is taking over the brokerage from his father-in-law, who is retiring, so he doesn't really need the help, but I know how it is when you are starting out in a new career, so I figured I would help out. Before that, I did all my own research and traded via E*Trade.

I did refer a few wealthy people I know his way, but none has decided to send their business his way. If someone does bite, I guess I can ask for a lower rate, then.

Latest S&P Case-Shiller Home Price Index numbers are out. Charlotte is the only city not declining. Looks like Shiller is doing a victory lap in the press release. DinOR should be happy -- Seattle finally (barely) turned negative and Portland continues to decline.

“The annual declines in the composites are a good indicator of the dire state of the U.S. residential real estate market,” says Robert J. Shiller, Chief Economist at MacroMarkets LLC. “ The 10-City and 20-city Composites are both showing negative annual returns, a striking difference from the 15.1% and 14.7% returns they reported this time last year. The dismal growth in the 10-City composite is now at rates not seen since January 1994.”
The decline in the returns of the composites is led by Detroit and Boston, starting their year with annual declines of 6.9% and 5.6%, respectively. Seattle and Portland – having shown some resistance to the sharp downward trend - have reported their second consecutive flat or negative monthly returns. With Phoenix and Tampa now reporting negative annual returns, 11 of the 20 metro areas are now in year-over-year decline.