Sparky, you are absolutely correct about CDS and their impact on finance.
In effect, over-the-counter CDS permit one to place a bet on the failure of a corporation or nation -- and then go out and drive them into bankruptcy!
Such tactics were employed against both Bear Stearns and Lehman Bros.
true enough, there's been much on regulatory concerns over
Credit Default Swaps , and really all one needs to know is they are a predatory fiscal instrument....
The larger problem is that the biggest thieves ever have gained control of the system ( DTCC, SEC, FINRA, et. al. ) and are bleeding the capital markets so severely that the markets are being subverted.
well if we look at our economy as a debt driven GDP, it starts to make sense, at least in terms of these folks running it all off the tracks....
Goldman Sachs is on record: they claim that they made $100,000,000 PER TRADING DAY in net profits over 90% of the time this year. Such lopsided and extreme profits are a sure sign that Goldman has a systemic advantage over the market in High Frequency Trading.
So it's no great surprise that one by one major hedge funds are withdrawing from the market, having suffered astounding losses.
it's no surprise these folks are
arming themselves either....
////
These antics impact us in the trades because ultimately our payment money comes from the financial markets -- mortgage funding and REIT syndications.
and it gains speed as it rolls downhill, or so the old addage goes...
////
The brightest opportunities seem to be the new government programs: Cash for Caulkers.
actually there's a
cash for clunker ppliance program now.
I submit that to make it we need to don a total-energy-conservation cap.
The focus must be on thermal imaging for heat loss -- at the panel/ breakers and at the walls/ joints.
EC's should pitch whole house fans -- particularly variable speed fans.
well i'll agree on energy conservation Tesla, but i'd warn that the green machine, like
any legislation here, can end up being another 2000 page bill that actually greases the
wrong factions who have lobbying clout
a quick real world example would be all the new energy codes foisted on an already poor housing market by limo libs out to save the world.
this just fuels disparity, fine for those of us that are in the high end market, lousy for us that wire middle class dwellings imho....
Some months ago I noted the credit contraction by Advanta and Citi. It now looks like this is going to be the new normal for YEARS to come.
Commercial rents are going into full reverse. Here and there I reading of property values dropping 50 to 65 percent. Such a trend has caused big work to stop.
the commercial
'bubble' is the next conjected to
'pop' among all the Casandra's btw....
The only market that seems to be growing is demolition and or repossession.
of course, the vultures always circle a bad economy Tesla, in fact most of them can afford to buy thier way into Congressional dealings, after all they've long ago found a way to that brass ring here
myself, i've done much reading on the green machine. IIRC, almost every trade mag there is has touched on it, as well as i've been a
Home Power subscriber since the mag had a staples in leiu of a real binding
Imho, the green machine will assume momentum here , but not in the altristic sense of enviromental concern, much more on all energy ratcheting up in unison, as it usually does
People forget
Jimmy Carter's fireside chat , but they don't forget that monthly fuel bill
energy retrofits? energy audits? i've advertized this with some results already
epact you say? it's already a law? well i've found it about useless without energy cops, but i sure can sign onto being an energy vigulantie....
~S~
