And so the casino cycle begins again....

[The_Equalizer]

<Alex Jones> I blame the Illuminati </Alex Jones>

A Secretive Banking Elite Rules Trading in Derivatives.

Not what you're getting at, but an interesting read about proper banking reform:

Positive Money

[lukemg]

This has been my Plan B for many years. Got a varied mix of uk, euro, asia and ROW funds bought over time that are steady but it has to be said unspectacular - about 8% annual return for the last 13 years.
Tend to buy and hold and although it's looking like bubble time, next lot will be heading to asia and other emerging markets.
Got a few individual shares bought in the dips - BP, Barclays (now at price paid for them.) and some BT stuff from way back worth half what I paid....

[Freamon]

Not what you're getting at, but an interesting read about proper banking reform:

Positive Money

Laws that make it illegal for you to print your own £5 or £10 notes have been in place since 1844. But those laws haven't been updated to account for the fact that almost all money now is electronic. Because of this loophole, banks worldwide now have the power to create money, effectively out of nothing.

Nonsense. Banks have had the power to create money under FRB since long before computers existed.

[Jog On]

Do you really think 60% share raises overall (not specific companies that can make breakthroughs) is sustainable?

No, doesn't stop it happening though:

"Stocks don't sell for what they are worth, but for what people think they are worth."

- Garfield Drew

Link

[The_Equalizer]

Nonsense. Banks have had the power to create money under FRB since long before computers existed.

That's not quite what they were saying. It's in a bit more detail here:

What's Wrong - Fractional Reserve Banking

Even on a simple level, it appears that stupid lending practices caused this mess. I've no idea why the students are so worried about £6-9K/year fees. Just look at the cost of housing.

[DimPrawn]

That's not quite what they were saying. It's in a bit more detail here:

What's Wrong - Fractional Reserve Banking

Even on a simple level, it appears that stupid lending practices caused this mess. I've no idea why the students are so worried about £6-9K/year fees. Just look at the cost of housing.

Yes I posted this on the student demo thread. They are furious about a £9K debt to get a university education but can't see any problem taking on a £500K debt to get a bedsit over a kebab shop when they leave. Crazy!

[Freamon]

Yes I posted this on the student demo thread. They are furious about a £9K debt to get a university education but can't see any problem taking on a £500K debt to get a bedsit over a kebab shop when they leave. Crazy!

Exactly as TPTB intended.