tag:blogger.com,1999:blog-1592992209402300549.post4818100984103890913..comments2024-03-27T19:38:49.490-04:00Comments on The Silicon Graybeard: What Comes After $999 Trillion? SiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1592992209402300549.post-69079743049453495162014-05-30T20:26:08.097-04:002014-05-30T20:26:08.097-04:00"so that we pay if they lose."
Hopefull..."so that we pay if they lose."<br /><br />Hopefully next time there is a massive tax revolt. Let the bankers choke on their fraudulent paper.Anonymoushttps://www.blogger.com/profile/04245345365265060881noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-90769503289729615782014-05-30T09:12:51.763-04:002014-05-30T09:12:51.763-04:00Francis - I don't think the information exists...Francis - I don't think the information exists for someone to do such an analysis. That quote on derivatives I used said for these OTC derivative trades "details about pricing, risk measurement and collateral, if any, are not available to the public. "<br /><br />But it's a point well taken. A normally functioning market takes care of this with no intervention. The thing is, Dodd-Frank institutionalized "Too Big To Fail" banks and these are the guys playing the game big time. Go read the stats on the EC Blog link I have. <br /><br />The status quo can go on as it is for an unpredictable amount of time. The analogy if buckling in a mechanical system. Roll up a sheet of printer paper into an 11" long tube, and put a piece of scotch tape on it to keep it from unraveling. Stand it on end and put some large cans of food on it. If they're well balanced you can stack a surprising amount of weight. At some point, either by a tiny sideways force, or just the load itself, it suddenly buckles and collapses all at once. <br /><br />When it collapses, Dodd-Frank means taxpayers bail out the banks who lose on their bets. Like all crony capitalism, it privatizes profit and socializes losses, so that we pay if they lose. <br /><br /><br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-9402562115851256542014-05-30T07:20:47.355-04:002014-05-30T07:20:47.355-04:00I thought it was officially 'one shitload'...I thought it was officially 'one shitload', but since money is created out of thin air nowadays who knows? I do not believe we will see a change until a great deal of hurt has been handed out.Robert the Bikernoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-31333160237471675392014-05-30T06:11:45.784-04:002014-05-30T06:11:45.784-04:00You know, this sort of alarm was raised about the ...You know, this sort of alarm was raised about the options market at one time, and it proved baseless for a single overriding reason: the market balanced. Bets on calls were equalled by bets on puts.<br /><br />What's the equivalent in the derivatives market, and has anyone bothered to consider it before becoming agitated?Francis W. Porrettohttps://www.blogger.com/profile/05862584203772592282noreply@blogger.com