| God is good, even when I'm not.
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| Interactive Brokers.
“In this difficult climate, being possibly the only firm recording year on year gains in the brokerage segment is a proof of concept event. Best execution prices, industry low commissions and state of the art money management tools give the edge to our customers over others. The better our customers do the more business we do,” said Thomas Peterffy, our CEO. “Constantly seeking our customers' advantage ultimately inures to our own benefit.”
Hands down, Interactive Brokers is the best brokerage firm I've ever used. It might not be the easiest online broker to utilize, but with my commissions averaging $1/trade, access to foreign exchange markets, enhanced security, easy money transfers, and amazing research tools, IB owns the online trading future.
I doubt anyone will read this, but I'm writing it because I'm so darn content with their service. It's like that feeling you get when you buy a really good car...
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| It's somewhat of an understatement to say this… but America screwed up. Whether by accident or by some insanely brilliant Chinese intuition, all the cards have literally fallen into the hands of China’s rise to power in the midst of this crisis. It’s the time of the economic superpower turning point. But none of this started in 2006 or 2007… No, it started all the way back in 1994. The flow chart chronologically goes something like this:
- China pegs Yuan to US Dollar in 1994
- China’s devalued currency = insane US trade deficit (cuz who can resist cheap goods “made in China”)
- China continues to reinvest in American dollars (buying up over $2 trillion in US treasury bills).
- America flooded with money = historic low US interest rates = EASY LOANS
- Greedy & Short-sighted Americans = housing crisis & economic crisis
- China begins a world-changing $586 billion stimulus package (the start of Chinese reinvestment into itself). Remember China’s economy is 1/3 the size of ours.
- Obama spends = Inflation accelerates
- China begins to wean itself of US dollars = Inflation accelerates
- China begins to pick up speed as the US runs out of breath.
Summary:
Just a few years ago, some poor Chinese farmer was literally paying off your mortgage by keeping your interest rates low. The times have changed. With the Chinese stimulus, the game’s over – China’s turned to developing itself.
Conclusion:
The most patriotic thing an American can do is to ironically invest in China. By profiting off of the growth of Chinese corporations booming development, such investments in Chinese companies brings the money back into the socialist American system that we’ve begun to foster. Down with those darn capitalistic Chinese! Oh, wait...
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how many weeks has it been since my last post? funny, all i have is a smile.
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| Circumstances.
When does a scenario that you hear of & know to lead to no good, suddenly become an exception as to the prescribed course of action?
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