Thin air. I like that. Sounds like a great investment.
It's one of those things I learned in high school long before I started working for a primary dealer.
BJ,
I went back and read your posts. I want to say I am very impressed with your interest in macro economics and capital markets. But I still strongly suggest you bolster your interest with knowledge. I still would like to recommend Thomas Sowell. Economics can be a pretty tough subject with a lot of egghead math but the most wonderful Mr. Sowell makes it as simple as possible.
Since you also have an interest in markets, I still suggest Cramer. I do not think he is as good of a stock picker as he pretends but his book reveals some of the mechanics. To me Steinhardt gave the best investment advice ever. I like him much better than Buffet. Buffet is more like Bain - activists. They get very large positions and actually improve the portfolio through management interloping.
I tried to explain to you that trading with BSC, lack there of, was the final straw and you quoted BSC’s closing stock price Friday; Toddster tried to explain the difference between The Fed (i.e. The Federal Reserve Bank) and the federal government’s taxing authority (i.e. The United States House of Representatives). The Fed is just a bank with a few special powers (they can pretty much do unlimited lending, more or less). These are important distinctions and we are trying to help you.
I really hope you take this in the spirit with which it is intended.
I have a technical background and got dumped into Wall Street about 10 years ago. It has been a never ending education.
Good luck.
“”Everything should be made as simple as possible, but not simpler.” - A Einstein