Citi plans crisis derivatives
8 February 2010Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn up plans for a tradable liquidity index, known as the CLX, on which products could be structured that allow buyers to hedge a spike in funding costs.
“This is basically a [...]
A Response to: How Americans Spent Themselves into Ruin… but Saved the World
30 November 2009by SNS guest blogger Russ Daggatt
[Ed: view the original article by David Brin below.]
[Ed: Russ Daggatt has another interesting and well-documented commentary, this time eviscerating the fear-mongering campaign over bringing Guantanamo terror suspects to New York for trial: hannibal lecters zombie army invades new york.]
David,
I agree with your general point: The US has been unique [...]
How Americans Spent Themselves into Ruin… but Saved the World
30 November 2009by SNS Guest Blogger David Brin*
[The following was first published November 24, 2009, in the San Jose Mercury News, and is adapted here, with permission, for the Strategic News Service.]
Only now, having offered one on-target bullet aimed at the loony right, let me do one of my patented “contrary” turns to bring up a perspective [...]
Prediction: Tech Sector Will Recover First
30 June 2009From NPR & KPLU Radio:
On this month’s Future in Review with Mark Anderson [of Strategic News Service], Mark predicts the technology sector will recover before the rest of the economy does. He tells KPLU’s Dave Meyer to keep an eye on computer chip sales.
Listen Now!
Bank Illusions
21 April 2009Guest-blogged by SNS Member Russ Daggatt
You may have noticed that the big banks have been reporting upbeat “earnings” figures in recent days. Just yesterday, Bank of America reported a staggering $4.2 billion in first quarter “earnings.” But it’s share price declined by an also staggering 24% What’s up? Surely investors saw the impressive “earnings” numbers. [...]
The Obama Rebound?
25 November 2008The old adage says, The darkest hour is just before the dawn.
It’s hard to be upbeat these days, when every statistic is worse than the last. But the other day, as I was considering predictions for the coming year, a thought occurred to me: we are experiencing the waning days of the administration I have [...]
The Carry Trade, Unveiled At Last
26 October 2008Tim Coldwell, in his comment on the item below, points to a video made Friday by FT correspondent John Authers, pointing to the tight correlation between the Yen / Dollar ratio and the S and P 500. In the U.S. on Friday afternoon, the same chart was being shown by Dennis Gartman on CNBC.
SNS members will [...]
KPLU NPR Interview: The Oil Bubble
25 September 2008From KPLU Radio and NPR: “When it comes to the troubles plaguing our economy, a lot of attention is being paid to bank failures and bailouts. But don’t forget about oil prices.
In this month’s conversation, Strategic News Service publisher Mark Anderson tells KPLU’s Dave Meyer about hot money and the oil bubble.”
Listen now: http://www.publicbroadcasting.net/kplu/news.newsmain?action=article&ARTICLE_ID=1373074