muses of the moment

January 22, 2014


Derivatives: “gone, but not forgotten”. Uh, no, that’s “forgotten, but not gone”. In fact, there are more than in 2007.

Click here for a taste of Paul Singer’s speech at Davos this week on the global derivative problem that we still haven’t dealt with. He will offer solutions. gg guesses Mr. Singer doesn’t know that they already have a solution for the next derivative-related contagion: bail in.

Click here for another legal case still going on between JPM and a German transport provider from the last crash.

If only Germany had some physical gold in their possession as a hedge during the next crash. Oh, yes, they asked for it back. gg wonders how that is going…. click here.

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