Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (42551)	4/14/2013 11:29:21 AM
From: Mike M2	Respond to of 48092

Quote from Noland 2007 gata.org "The general inability to hedge escalating default and market risk has become and will remain a major systemic problem. Liquidity has disappeared, and there now exists an untenable overhang of risky securities and derivatives to be liquidated and/or hedged. Most playing in the credit derivatives market lack the wherewithal to deliver on their obligations in the (now likely) event of a systemic credit bust. The vast majority were "writing flood insurance during a drought, happy to book annual premiums while expecting to purchase reinsurance/hedge if and when heavy rains ever developed." Well, it all happened at a pace so much faster than anyone ever contemplated. So abruptly, the flood is now poised to wreak bloody havoc the scope of which was unimaginable -- and there's no functioning reinsurance market. " It is worth remembering that credit default swaps CDS brought down AIG which received a $180 BILLION bailout ( if memory serves) . This obscene bailout enabled AIG to pay 100% of their losing CDS contracts - another example of goldman sachs profiting at the expense of the public. The local police stood guard at one of the AIG executives home due to protesting showing up at his home. The 0.1% ers should ask themselves do they really want to live that way if the economy really collapses.

To: Mike M2 who wrote (42551)	4/14/2013 2:08:05 PM
From: benwood	1 Recommendation Read Replies (1) \| Respond to of 48092

The worst thing is seeing the hubris and ignorance of those who are temporarily "right" and feel self righteous and pompous. It's appearing again in spades. Some startling ignorance, too, of the real world. No point in calling them out, they'll follow the same path as the dot com bubble believers. And speaking of bubbles... in the Seattle Times, they report that the planned opening of new apartments in Seattle and in King County over the next three years dwarfs what appeared at the prior bubble's zenith. Perhaps quadruple in Seattle over any other three year period.