Derivatives and Regulatory Failure – Precipice Bonds
byFinancial engineer Gordon Kerr presents the prequel to his article How to destroy the British Banking System – Regulatory Arbitrage via “Pig on Pork”…
Risk
The ESCP Europe/Cobden Centre Colloquium on Sound Money
byThrough tomorrow and Saturday, ESCP Europe and The Cobden Centre are hosting a Colloquium on Sound Money. The Colloquium is to be directed by…
China’s empty city
byIs an Austrian style boom followed by a bust just about to happen in China? See this video sent to us by Catlin Long,…
FT.com / Markets / Insight – Insight: Reclogging the US credit system
byVia Reclogging the US credit system, Caitlin Long warns us that there is another impending credit fuelled bubble that is due to be created…
Predicting the bust
byVia FT.com | Arena | What is the point of economists? : “Why did no one see the crisis coming?” Queen Elizabeth asked last…
Roubini Predicts “Mother of All Carry Trade Unwinds” « naked capitalism
byNouriel Roubini has officially left the “hedging your bets on the economy” camp. He has declared the markets to be frothy because super low…
How Goldman secretly bet on the U.S. housing crash | McClatchy
byWASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages,…
The perils of cheap money – Telegraph Blogs
byVia The perils of cheap money – Telegraph Blogs, Ambrose Evans-Pritchard explains another danger of low interest rates: Here’s a little nugget from Germany….
FT.com | Putting an end to financial crises
byA second FT article discussing 100% reserves: T’was the year the country stood still. Not a car, truck, or bus rode the roads. No…
The Sub-Prime Debacle – What Will Future Historians Say?
byLiam Halligan has kindly agreed to publication of the transcript of his address to the Cobden Centre/Libertarian Alliance dinner on 30 September 2009. INTRODUCTION…