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Comment: Re:Nice PR for Mandiant and Richard Beitjich (Score 1) 137

by Tungbo (#42956287) Attached to: Security Firm Mandiant Says China's Army Runs Hacking Group APT1
Did you like the Mission Impossible movies?  tv series?
Was it COOL how US spies manipulate the politics and economies of foreign countries?
Did you know that Panama was created SOLELY because US wanted to build the Panama canal?

What goest aroud comes around - in the real world.
Smart Charlie Wilson sent arms to help the Afghans fight those Soviet Commies - Oops.  They became the Taliban...

It doesn't make the hacking right - even if everyone is doing it.
The question is what can we do about the open nature of our internet and what COST there is to close up the security caverns...

Comment: Re:Oh, I love this (Score 1) 617

by Tungbo (#41633883) Attached to: Mysterious Algorithm Was 4% of Trading Activity Last Week
Bill Gross said: " if we continue down the current road and don't address our "fiscal gap."
IF is the key word here.  No one dispute that US government bond will be less attractive (not bankrupt) if the US doesn't fix its fiscal problem in some undefined number of years in the future.  Let us look at what Bill Gross is ACTUALLY doing with his clients' money.

Go to here: http://investments.pimco.com/products/pages/346.aspx  and click on Portfolio Statistics.
You will see that 20% of their investments are in US Treasury securities, 3% US agencies securities and another 49% in mortgages.  The mortgages are almost entirely in Fannie Mae and Freddie Mac securities which are ALSO guaranteed by the US Government.  In contrast, investments in other developed governments' bonds are less than 10%.  Gold doesn't even show up.  In total, his fund has 70% plus in US government guaranteed securities and no one is forcing his investment choices.

In other words,  he overhwhelmingly trusts the US Government to pay back his clients' investments.

In simple terms, we're on a boat headinng toward a shoal IF we don't turn away.  IF we hit the shaol, the boat may leak.  You are claiming that the boat is already leaking and ready to sink.  It may be fun to pretend to be Cassandra, but only real data will anchor you to the real world instead of a fantasy world that makes you feel superior.   Please don't just read hermetic Austrian theories, look at what real people are doing with real money. 

Comment: Re:Investors around the world disagree with you ! (Score 1) 617

by Tungbo (#41618523) Attached to: Mysterious Algorithm Was 4% of Trading Activity Last Week

Please take a look at this: http://www.gao.gov/special.pubs/longterm/debt/ownership.html

The Federal Reserve ownership of long term US bonds is only 16% as of end of 2011, even after QE 1 and 2.
Foreign ownership of US government bond actually increased in the last 10 years to 46%.
That they are willing to lend to the US government at negative real interest rate SHOULD tell you that they trust their money with the US government than with anyone else (including themselves). This is exactly the reverse of your RISKY claim.

Do you really believe that the world insititutional investors are all more stupid then yourself?

Credit agency down grading the US rating was a non-event. Neither the bond market nor the interest rate swap market paid any attention to it; US agencies continue to pay the same rate to borrow before and after. PLEASE study some real data and don't just imagine conspiracy everywhere.

Comment: Investors around the world disagree with you ! (Score 1) 617

by Tungbo (#41613417) Attached to: Mysterious Algorithm Was 4% of Trading Activity Last Week

I checked on Bloomberg today.

7 year US treasury bond is yielding 1%.
7 year Australia goverment bond is yielding 5.25%
7 year German government bond is yielding 3.5%

Why do the world investors accept a lower yield for US government bond that German government bond?
Because they trust the US government MORE than German government to pay back their money.

Don't live in a 'Gold Bug' world view seeing inflation around every corner. You must look at the entire economy of each country one by one and learn the facts, not blindly follow theoretical fantasies.

Comment: Re:Truth or dare... (Score 1) 617

by Tungbo (#41610743) Attached to: Mysterious Algorithm Was 4% of Trading Activity Last Week

You are ignoring the Execution aspect of trading. Thus your comments are wrong on several counts:
" its really only transfer between Wall Street Entities" As others have pointed out, the Wall Street Entities include your pension fund, 401k, etc. So you are very likely to be affected.

"HFT machines may have moved the share price up or down a few pennies. That might just as easily work for your as against you"

This is only true if you can execute at the posted prices. When you want to sell at $2.00 and there's interest to buy at $2.05. HFT will buy it from you at $2.02 and sell it at $2.05, thus pocketing $0.03 that you might have been able to earn. On the return trip, the same thing happens. The round trip does not wash out, otherwise the HFT CANNOT make any money!

' you can protect yourself easily just use limit orders"

This is only partly true. If the market only has 1,000 shares to offer and you want to buy 1,000. The HFT will always be able to buy ahead of you and you may not be able to buy any at all. Thus, you will not be able to buy the dip or sell at a top unless there is enough depth.

While HFT is clearly legal, it is still worth asking how it contributes to the market place or if it's just parasitic.
One SEC proposal to charge for cancelled orders might be appropriate to curb excessive trading if HFT has no added benefits to the market.

Comment: IT literacy for general audience - SCALC (Score 1) 462

by Tungbo (#33426980) Attached to: What 'IT' Stuff Should We Teach Ninth-Graders?

Since the course is for a general student, I don't see a focus on programming or computer hardware as most appropriate.
As an alternate, I would suggest SCALC, the open office spreadsheet program, as a good platform for several activities:
1. Learning to compute numerically - calculate sales tax, etc.
2. Learning how algoritum work - sort, binary search can be visually illustrated beautifully within a spreadsheet
3. Real life program solving tool - Post a real life problem to the student; have them analyze it; rephrase it to put in a spreadsheet; check the answers.
4. Graphs and formulae - links direclty to analytic geometry classes
5. Macro - automation which starts to provide motivation into programming for those interested.
6. Statistics - for advanced students

This is much for useful for the avearge student than any narrowly focused programming course.

Comment: Space for readability (Score 3, Interesting) 814

by Tungbo (#33140508) Attached to: Sentence Spacing — 1 Space or 2?

If you are doing type setting, by all means use 1 spaces. But as you cut and paste your texts into different programs, you may be pasting into different default type faces. Sometimes it's proportional and sometimes it's monospaced. So why not use 2 spaces to be on the safe side? It's simple to programmatically replace 2 spaces by 1 space any way, if necessary. Let's be considerate of our readers rather than swear allegiance to a rule learnt in our youth.

Software

+ - Review: OpenOffice.org 2 Guide

Submitted by
lisah
lisah writes "While OpenOffice.org (OOo) continues to gain ground as a viable option to Microsoft Office, author Solveig Haugland has written a second thorough and comprehensive OOo user's manual aimed at both new and power users. Haugland's new OpenOffice.org 2 Guide offers tips, tricks, and pointers for all five of the suite's applications (Writer, Calc, Impress, Draw, and Base) using clear teaching techniques and plenty of screenshots. According to the reviewer, the Guide's biggest drawback lies in the inexplicably pared down scope of topics Haugland chose to address. Still, at over 500 pages, this Guide should answer all but the most obscure questions about OOo."
Enlightenment

+ - How our brain 'sees' the future

Submitted by
Roland Piquepaille
Roland Piquepaille writes "No, I'm not talking about people who say they can predict the future, such as fortune-tellers. On the contrary, this post is about a process that our brain is using extensively and routinely. When you think about your next meal at a favorite restaurant, your brain 'creates' images for you. Now, researchers at the Washington University in St. Louis have found that we're using the same areas of our brain to remember the past and envision the future. Even if this doesn't lead to practical applications, it indicates that people who clearly remember stories from their past are better equipped to imagine their future than people suffering from amnesia for example. Read more for additional details and references."
Software

+ - Where the FSF is heading in 2007

Submitted by
lisah
lisah writes "The Free Software Foundation (FSF) has typically been considered a think tank whose members work on somewhat esoteric issues like licensing and the GNU Project. According to an article at Linux.com, however, 2006 saw the FSF reach out to the free software community at large for the first time. They have also become an 'openly activist organization' with informational campaigns like BadVista and the anti-DRM project DefectiveByDesign. Peter Brown, executive director of the FSF, says not only will those campaigns contiue in the new year but also predicts 2007 will be a 'huge' year for the organization."

The number of arguments is unimportant unless some of them are correct. -- Ralph Hartley

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