Category: Bonds

Just WHO has a problem here?

5 February, 2015 (09:28) | Banking, Bankruptcy, Bonds, Capital markets, Euro, Eurozone, Global news, Greece, Grexit, Guarantees, Sovereign bankruptcy, Speculation, Syriza | No comments

By: David A. Smith [Interrupting Month in Review, December for some current and topical news – Ed.] Nick Fury: No matter who wins or loses, trouble always comes around… The Avengers, Age of Ultron Here comes trouble As Tony Stark’s creation Ultron said, just before he launched all-out war on humanity, “Everyone creates the thing […]

Doublethink pension funding: Part 10, “One would think that alert trustees”

16 January, 2015 (10:00) | Actuaries, Bankruptcy, Bonds, Capital markets, Cities, Detroit, Housing, Municipal bankruptcy, Net present value, Pensions, Speculation, US News | No comments

[Continued from yesterday’s Part 9 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, and Part 8.] By: David A. Smith It’s merely a question of self-discipline, reality-control. But in the end there won’t be any need even for that. The Revolution will be complete when the […]

Doublethink pension funding: Part 9, “The brains and the nuts and the bolts”

15 January, 2015 (09:00) | Actuaries, Bankruptcy, Bonds, Capital markets, Cities, Detroit, Housing, Municipal bankruptcy, Net present value, Pensions, Speculation, US News | No comments

[Continued from yesterday’s Part 8 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.] By: David A. Smith Was it possible that they could swallow that, after only twenty-four hours?  Syme, too–in some more complex way, involving doublethink, Syme swallowed it. Was he, then, alone in […]

Doublethink pension funding: Part 8, “A battle over retiree votes”

14 January, 2015 (09:00) | Actuaries, Bankruptcy, Bonds, Capital markets, Cities, Detroit, Housing, Municipal bankruptcy, Net present value, Pensions, Speculation, US News | No comments

[Continued from yesterday’s Part 7 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.] By: David A. Smith If you want to keep a secret, you must also hide it from yourself. George Orwell, 1984 When perpetuating a big lie, such as the doublethink empire of public-employee pension-fund […]

Doublethink pension funding: Part 7, “That might sound odd”

13 January, 2015 (10:00) | Actuaries, Bankruptcy, Bonds, Capital markets, Cities, Detroit, Housing, Municipal bankruptcy, Net present value, Pensions, Speculation, US News | No comments

[Continued from yesterday’s Part 6 and the preceding Part 1, Part 2, Part 3, Part 4, and Part 5.] By: David A. Smith If one is to rule, and to continue ruling, one must be able to dislocate the sense of reality. For the secret of rulership is to combine a belief in one’s own […]