Happy New Year! We hope you all had a fun and safe evening as you rang in 2011.
Many of you probably set a New Year’s resolution to change something in your life, like resolving to quit smoking, lose weight, or get your bills/debt in order. Others have hopefully set new goals, especially trading goals for the New Year.
One group of folks, however, that never seems to set a New Year’s resolution like getting its debt in order, is Congress. Some people believe that the newly elected Congress will indeed make this change; but how many times do people have to be duped before they realize that the US Congress won’t do a thing about the mounting debt until all of the useless ideas have been tried. Or as Winston Churchill said “You can always count on Americans to do the right thing - after they've tried everything else.”
In this video clip Niall Ferguson discusses “Empires on the Edge of Chaos,” referring to us in the USA. I have not watched the entire video because it is quite lengthy. I started at section 6 “Interest Payments as a Share of US Revenue.” I think you’ll find it interesting.
http://fora.tv/2010/07/28/Niall_Ferguson_Empires_on_the_Edge_of_Chaos#fullprogram
Hopefully Mr. Ferguson, Mr. Churchill, and I are wrong but I’m not betting on it.
Many of you probably set a New Year’s resolution to change something in your life, like resolving to quit smoking, lose weight, or get your bills/debt in order. Others have hopefully set new goals, especially trading goals for the New Year.
One group of folks, however, that never seems to set a New Year’s resolution like getting its debt in order, is Congress. Some people believe that the newly elected Congress will indeed make this change; but how many times do people have to be duped before they realize that the US Congress won’t do a thing about the mounting debt until all of the useless ideas have been tried. Or as Winston Churchill said “You can always count on Americans to do the right thing - after they've tried everything else.”
In this video clip Niall Ferguson discusses “Empires on the Edge of Chaos,” referring to us in the USA. I have not watched the entire video because it is quite lengthy. I started at section 6 “Interest Payments as a Share of US Revenue.” I think you’ll find it interesting.
http://fora.tv/2010/07/28/Niall_Ferguson_Empires_on_the_Edge_of_Chaos#fullprogram
Hopefully Mr. Ferguson, Mr. Churchill, and I are wrong but I’m not betting on it.
Trade Date: 12/31/10
E-Mini S&P Trades*
(before fees and commissions):
E-Mini S&P Trades*
(before fees and commissions):
|
Sign up as an AvidTrader Member to receive "The Technician" Value Area's each day. The market then has an 80% chance of filling the Value Area. Many traders familiar with the Value Area and the techniques that go along with it use it to help them decide what trades to do each day. Join and see how this technique can help you trade more successfully!
No comments:
Post a Comment