Oct
1
What Happens If We Don't Bail Out Wall Street?
October 1, 2008 | Leave a Comment
Nothing. No one will die. No wars will start or end.
A buddy asked me what would happen if the bail out didn't go through. My buddy has a degree in finance and a master in economics. He's worked at a large bank for 5 years. I've told you this to [...]
Mar
12
Financial Derivatives Still Considered Harmful
March 12, 2008 | 1 Comment
In the five years since Warren Buffet’s warning about long term financial derivatives contracts the volume of such derivatives has increase five times from $100 trillion to $516 trillion. This according to BIS via Paul B. Farrell of CBS Marketwatch.com, implies “a massive new derivatives bubble is driving the domestic and global economies, a [...]