Category: CDSs

Month in Review: April, 2015

22 May, 2015 (10:02) | Bankruptcy, CDSs, Chicago, Cities, Contract rights, Detroit, Diego Rivera, Epictetus, Month in review, Municipal bankruptcy, Museums, Philanthropy, R. A. Lafferty, Speculation, US News | No comments

By: David A. Smith “The site is now known as the Great Blue Island Swamp.” – R. A. Lafferty, “What’s the Name of that Town?”, 1964 R. A. Lafferty In 1964, the mad genius of science fiction R. A. Lafferty wrote a short story in which not only had the City of Chicago been vaporized, […]

Rien ne va plus: Part 4, Use the product again

9 April, 2015 (09:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity |

[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith see?  It all worked out Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal […]

Rien ne va plus: Part 3, Not the protection you need

8 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity |

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal source) Yesterday’s Part 2 established that when a […]

Rien ne va plus: Part 2, Boycott the new standard

7 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity |

[Continued from yesterday’s Part 1.] By: David A. Smith Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal source) Yesterday’s Part 1, whose subject was Credit Default Swaps and whose theme […]

Rien ne va plus: Part 1, One key glitch

6 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity |

By: David A. Smith Why do we drive on the right, whereas the British drive on the left?  Though theories abound, of more importance is the value of a convention, any convention, that is so widely adopted it becomes second nature.  Until, that is, an extreme situation arises, when the convention cracks apart, as happened […]