Weblogs

When Greece Defaults, the Credit Default Swap Dominoes Fall

4 Feb 2012

A default by any other name is still a default. When Greece defaults, the inter-connected chains of credit default swaps will fall like dominoes. For your Superbowl half-time reading, here is a brief summary of the situation in Europe: 1. Greece is poised to default, the end-game everyone anticipated in 2011. It is not a matter of if but when.

Rufus Woods: New ideas emerging for Wenatchee’s downtown buildings

3 Feb 2012

The Wenatchee Downtown Association hosted an architect from the state Department of Archeology and Historic Preservation this week who came to town to talk about creative ways that can be used to improve and use historic buildings. Nicholas Vann talked about many tools that could be used by property owners to restore and redevelop buildings that could enhance the downtown core, said Linda ...

Counterfeit Value Derivatives: Follow the Bouncing Ball

3 Feb 2012

This guest essay on derivatives was written by frequent contributor Zeus Yiamouyiannis. Here is how the counterfeit value derivative con works. It’s a game of “I pretend, you pretend, we all pretend, and the taxpayer will pay in the end�.