What happens if I was trading for pocket money with real money, but then noticed the pocket money was enough to live on, and had been consistent also, and so quit my job. The moment I quit, all consistency was lost, and I only made enough to be ...

UK 30-year yield climbs to 5.66%, highest since 1998 - BBG

Yeah busted. Sorry, I need to get a life. I couldn't help myself. Was only having fun!

UK 30-year yield climbs to 5.66%, highest since 1998 - BBG

I was long GBP. Is there an amateur club I can join maybe? Sounds fun.

UK 30-year yield climbs to 5.66%, highest since 1998 - BBG

So when I lose I'm an amateur. I get it now thanks. In which case I'm definitely amateur more of the time than professional. Thanks for the advice.

UK 30-year yield climbs to 5.66%, highest since 1998 - BBG

5% blood and the rest water? Hot or cold?

UK 30-year yield climbs to 5.66%, highest since 1998 - BBG

So if I have a trading account what balance does it need to have for me to be professional or amateur? How about PnL also? Over what timescale? Do I need to inform anyone when I cross the threshold?

UK 30-year yield climbs to 5.66%, highest since 1998 - BBG

Markets don't understand the words "amateur" nor "professional". Fun.

UK 30-year yield climbs to 5.66%, highest since 1998 - BBG

Normally sure, in a heterogenous risk environment. But at these levels I wouldn't trust UK gov to pay me back: The adversity becomes auto correlative (not heterogenous). The asset effectively toxic. I would want much lower bond prices for this risk. ...

UK 30-year yield climbs to 5.66%, highest since 1998 - BBG

Was there a tictock video about the city of london recently? You're the second person today to bum me out about the state of the British proletariat. What a waste.

Fed losing independence would pose a serious danger, says Lagarde

incorrect

The Bank of England has struggled to get mortgage rates lower in spite of Bank Rate cuts

haha!! Anyways, my point remains: Before we go on our various forms of witch-hunting, let's get our ducks in a row first: The free markets are currently not free. They are distorted. As a result it will take a revolution or huge crash and depression ...

UK: Annual house price growth softens in August

Do you do stand up? I'm sensing chatgpt is guiding your responses, as there are some self inconsistencies in what you're typing. My ignorance is unbounded, at yet here I am. You might like Spitznagel's book (will help you see the [austrian school] ...

UK: Annual house price growth softens in August

haha, this is so ugly! It's like going into a facility and winding up the patients. I promise that wasn't my intention. But shame on me!

UK: Annual house price growth softens in August

If your argument is that people with the assets are very motivated to not lose their assets: Yes you are probably right. Good luck changing that. Picking on an imaginary objective evil to blame for this is not healthy though. Save your energy. ...

UK: Annual house price growth softens in August

But first…. takeaway gov power to over intervene as we’ve seen the last few decades. They are single-handedly the cause of the divide you speak of. Every bail out, and QE cycle, save the bacon of the idiots that hold most of the assets/resources. ...

UK: Annual house price growth softens in August

It is never not fluid and chaotic... well done mate.

China's Xi: Global situation remains fluid and chaotic

Too late for that. Virtually no slack in the global economy atm. Choice has become an unobtainable luxury. The boycotter would risk their own demise. Give Trump everything he wants, trigger a run on sovereign debt and the USD. Trigger the greatest ...

Trump: All Tariffs Are Still In Effect!

It's like they want lower inflation, but think it's gonna come without people losing jobs. Total batshit madness.

US Personal Income and Outlays, July 2025

0.3% per month is loads you ninny!

US Personal Income and Outlays, July 2025

No it's not. It's linked to German mythos. Deeply ingrained frugality. If most of the ECB had their way, they would be operating the most aggressive money printing press on the planet! Most of them think it's only fair to finance socialism ad ...

ECB's Rehn: Testing Fed independence can have significant risks