Profit and loss

[Jane]

calbert at tiac.net wrote:

Just a question - have you figured out how the currency
options markets work yet? If
> so, care to explain how they contribute to the impoverishment of the
> developing world?
> 
> love,
> cfa

It is amazing that so many of these folks, not list members
but the "authorities" being quoted are so obviously thinking
with their bleeding hearts and not their good thinking
brains. Moreover, the essays demonstrate a total ignorance,
a reckless rhetorical abandonment of the facts and economics
involved. So much of the crap Doug puts up here is so full
of angry wind and empty of any fundamentals of macro/micro
economics that only people that are truly ignorant of the
subject could buy into it or somehow suspend their better
judgment so that they may be on the "right side."  No one
here is that stupid. Puleeeeez! We have all read Thomas
Pynchon and thousands of other good books. I imagine Pynchon
having a good laugh at these professors quoting Lot 49 and
his Luddite essay. Gee wiz Skippy. 

Just to get rid of one of the BS platitudes of these folks,
just ask yourself, what does it really mean that the
activity on the foreign exchange and currency and index and
commodities, and all manner of derivatives has sky rocketed?
Could it be a very, very, good thing? 


















Why not? 




Jane, thinking of investing the Fresh Air money in EU FLN
Mortgage IOs.