Category: Innovations

Bon viager: Part 2, Synthesis of family

28 July, 2015 (10:00) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith In exploring the en viager model of tenure, prompted by a story on BBC News (1 July 2015), we’ve established that en viager, aside from being an antiquated legal form that survives in French law (and is enjoying a revival driven by demography), also creates a […]

Bon viager: Part 1, Synthesis of tenure

27 July, 2015 (11:50) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure | No comments

By: David A. Smith Just as water and ice are two forms of the same molecules, lump sums and cash flow streams can be the same present values, one just transmuted into another.  Over the decades, ambition transmutes into experience We’re familiar with some of the forms: 1. Mortgage loan.  Receive cash up front, make […]

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 […]