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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (106313)	1/10/2010 6:43:42 PM
From: axial	Read Replies (1) \| Respond to of 116555

Mish, please state why it is "nonsense". Do you know something we don't? It seems (to many) that by using CDS, any company can be destroyed. ..."Deriding calls for regulation of the CDS business, he declared that “trying to make safer CDS is like trying to make safer asbestos. How many real businesses have to fail before policy makers decide to simply ban them?” We have posted examples of productive companies that were driven under by CDS users looking for profit at the expense of jobs. Please explain how that is "good" for the economy. Jim

To: mishedlo who wrote (106313)	1/11/2010 10:12:09 AM
From: RockyBalboa	1 Recommendation Read Replies (3) \| Respond to of 116555

While the story may have been told with some colour the core is correct. My own trading experiences (where I was even able to piggyback on CDS settlement-related prices in some cases) and the intricate mechanics of settlement procedures which are now well published support that evidence. It became pretty clear that "overinsurance" of a relatively scarce reference instrument, a corporate bond leads to "tail-wags the dog" results where it pays off many times over to sent a company into Ch.11 and thereafter, set a deeply depressed settlement price for corporate debt on tacit or outspoken collusion. Ultimately, yet another party is able to buy some corporate debt at such low prices and thereby acquire corporate assets cheaply. If one plays it right one can win "all ways". If you are interested I look up related posts from some years ago regarding certain examples.

To: mishedlo who wrote (106313)	1/19/2010 5:57:37 PM
From: Dan3	Respond to of 116555

FedEx Freight Announces General Rate Increase of 5.9% Jan 19, 2010 9:27 AM FedEx Freight and FedEx National LTL, subsidiaries of FedEx Corp., will implement 5.9% general rate increases (GRI) effective February 1, 2010. These rate increases apply to interstate and intrastate LTL shipments, as well as shipments between the U.S. and Canada covered by the FXF 1000 and FXNL 501 Base Rates. Various additional changes will include minimum and accessorial charges and some adjustments to fuel surcharges. The new base rates, rules tariff and fuel surcharge information for the LTL companies will be available at fedex.com/us/freight/main on Feb. 1, 2010. With corporate offices in Memphis, Tenn., the FedEx Freight Segment includes FedEx Freight, a U.S. provider of fast-transit LTL freight services; FedEx National LTL, a U.S. provider of economical LTL services; FedEx Freight Canada, an LTL operating company serving most points in Canada; and FedEx Custom Critical, a time-specific, critical shipment carrier. --------------------------- I'm not so sure that price deflation is where we're headed....