Now to swaps: one type of Derivative you’ve heard of on CNN or NPR is the Credit Default Swap. It is used to hedge risk in credit. Basically the risk that one person will default on their debt to another. Explaining CDS s will make this blog very long, but suffice to say CDS’s made […]
The Downward Spiral
depravity
Part 1. Financial Derivatives and Defaut Swaps – Everything you ever wanted (or not) to know about them.
“Everything counts in Large Amounts…” – Depeche Mode. So you want to understand the financial crisis more? Understand why we are all but in a depression (for we’ve been in a recession for at least a year, according to some analysts.) Then you have to understand the humble lil derivative. Derivatives, what are derivatives, and […]
On Modern Slavery: further reflections on “The Queen’s Slave Trader”
This is not a happy blog, but it is about things which are necessary to think about. I wrote an earlier review about an interesting book, “The Queen’s Slave Trader” – I recommend that you read it. Some people hide from such things, taking scant comfort in a New Age “see no evil, hear no […]
“You are being lied to about pirates ” by Johann Hari
I found this story to be thought provoking. You are being lied to about pirates, by Johann Hari. San Francisco Bay View. April 11, 2009 Who imagined that in 2009, the world’s governments would be declaring a new War on Pirates? As you read this, the British Royal Navy – backed by the ships of […]