I do not believe aerodynamic stability depends on whether the inputs change or not. For instance, stall a Cessna 172 and it will tend to pitch down on its own even if you keep pulling on the yoke.
Also an aerodynamically unstable plane isn't a plane in which a stall is irrecoverable. It's a plane that, left to its own devices, will not make things better for you.
Please look up what 'amnesty' means. Apple isn't doing anything wrong or illegal by keeping its cash outside of the US. Also note the the US tax code is the only one (in advanced countries) to try to tax earnings made outside of its jurisdiction (e.g. for earnings made in Japan, and already taxed locally there).
Cook is not saying Apple shouldn't pay taxes, he simply says the IRS has no business taking 40% of earnings not made in the US. If you were an expat you would strongly agree with him.
It's called a tariff. They're an incredibly blunt tool and they're generally not a good way to make anything "fair".
Also the rarity of a skill does not necessarily correlate to its economic output. So you would reduce the supply of workers for an arbitrary number of industries where wages are not higher than that number you just pulled out of a hat.
I'm even less convinced about the usefulness knowing "how much of a trade a particular counter-party can absorb". And somehow deriving this information from the current book size (as opposed to available capital) also seems somewhat dubious.
Moreover, absent the AUM (or leverage) and asset mix, this number won't tell you much about the actual size of the book.
Any practical reason you'd want a "non brand related" index? The way I understand it the Big Mac index is pretty good because it casts a wide net from the cost of producing (or importing) food to the price of labour, and everything in between. I doubt you'd get that with a potato.
1. There is no relationship whatsoever between the secrecy of their strategies and the likelihood of a government bailout. Most companies have some sort of proprietary secrets, after all.
2. They are no more secretive than the average private company. In fact, this is largely a myth, as is the belief that hedge funds are "lightly regulated". You can in fact find a lot of information about a fund by spending five minutes on the SEC website.
I don't see how this proves the market is rigged. What I do see is:
1) One market participant is being less than clever by trying to buy, in one order, 80% of the offered quantity, and
2) Another market participant realizes this, and reacts accordingly.
The post is written as if the world should freeze once the client sends an order. He was 'stolen' shares. Really?
A pretty solid evidence is the consistently high number of people coming / trying to come to the US each year...
Seriously, you wouldn't put up with all that immigration crap if it was not attractive.
> People are dying, literally drowning in the Mediterranean, to get into Europe.
Right. Don't you think that's an indication of proximity rather than attractiveness? (some) People from Africa might be poor and are dying to go some place else, but they're not stupid. They understand crossing the Mediterranean is easier than crossing the Atlantic...
That's a bit of an exaggeration. Many H1-Bs work in high-value industries and make a decent amount of money (I should know, I'm an H1-B holder). I don't think many of them consider themselves slaves.
The green card process for a H1-B is particularly annoying and restrictive though, as is the arbitrary time limit.
Not sure what you mean by "the H1-B visa employee is legally bound to the job". Sure, your company's name is printed on your visa but it is excessively easy to transfer to a new employer.
How long it would take for the guy who washes the dishes in my favourite restaurant to buy the shoes I'm wearing? How long would it take a techie in a hedge fund to buy a yacht? How long would it take the sales guy a Cartier store to buy that 75kUSD watch?
More importantly, what would knowing this tell us about anything?