Comments on: Coinage of the Evening http://www.nakedcapitalism.com/2008/11/my-coinage-of-evening.html Sun, 22 Nov 2009 17:45:03 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/11/my-coinage-of-evening.html#comment-27814 Anonymous Mon, 01 Dec 2008 20:09:00 +0000 http://www.nakedcapitalism.com/2008/11/coinage-of-the-evening/#comment-27814 Video?<br/>TYPE a text summary of all videos!<br/>"Europe went OFF gold (bullion)<br/>1929+, some countries (Mex, C)<br/>stayed on a silver standard...'<br/>news says. Video?
TYPE a text summary of all videos!
“Europe went OFF gold (bullion)
1929+, some countries (Mex, C)
stayed on a silver standard…’
news says.

]]> By: locust http://www.nakedcapitalism.com/2008/11/my-coinage-of-evening.html#comment-27803 locust Mon, 01 Dec 2008 18:24:00 +0000 http://www.nakedcapitalism.com/2008/11/coinage-of-the-evening/#comment-27803 Thank you ndk. I'll admit though...I'm still confused about the use of a recovery default swap. Seems counterintuitive. Thank you ndk. I’ll admit though…I’m still confused about the use of a recovery default swap. Seems counterintuitive.

]]> By: ndk http://www.nakedcapitalism.com/2008/11/my-coinage-of-evening.html#comment-27744 ndk Mon, 01 Dec 2008 08:44:00 +0000 http://www.nakedcapitalism.com/2008/11/coinage-of-the-evening/#comment-27744 They're the same thing, and <a HREF="http://en.wikipedia.org/wiki/Recovery_Swap" REL="nofollow">Wikipedia has your answer</a>, locust. It's like an inverse CDS. They’re the same thing, and Wikipedia has your answer, locust. It’s like an inverse CDS.

]]> By: locust http://www.nakedcapitalism.com/2008/11/my-coinage-of-evening.html#comment-27719 locust Mon, 01 Dec 2008 05:00:00 +0000 http://www.nakedcapitalism.com/2008/11/coinage-of-the-evening/#comment-27719 Can someone explain what is a credit recovery swap or recovery lock? Just when I thought I understood credit default swaps along comes something new....<br/><br/>I came across the term at <a HREF="http://mortgage.freedomblogging.com/2008/11/27/and-now-from-wall-streetbets-on-recovery/3652/" REL="nofollow">Mortgage Insider</a>. Can someone explain what is a credit recovery swap or recovery lock? Just when I thought I understood credit default swaps along comes something new….

I came across the term at Mortgage Insider.

]]> By: ndk http://www.nakedcapitalism.com/2008/11/my-coinage-of-evening.html#comment-27716 ndk Mon, 01 Dec 2008 04:12:00 +0000 http://www.nakedcapitalism.com/2008/11/coinage-of-the-evening/#comment-27716 I don't think China holds out any delusions on being made whole on her claims on the U.S. The U.S. has proven protectionist tendencies on prior occasions with DP World and Unocal.<br/><br/>Mercantilism still works when you're accumulating paper rather than gold, if your key goal is building your domestic industries. I won't talk about other likely outcomes, but suffice to say, those would seem to have occurred too.<br/><br/>I don't think there was some grand master plan hatched in 1997. I think this is just the way things happened to work out. I don’t think China holds out any delusions on being made whole on her claims on the U.S. The U.S. has proven protectionist tendencies on prior occasions with DP World and Unocal.

Mercantilism still works when you’re accumulating paper rather than gold, if your key goal is building your domestic industries. I won’t talk about other likely outcomes, but suffice to say, those would seem to have occurred too.

I don’t think there was some grand master plan hatched in 1997. I think this is just the way things happened to work out.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/my-coinage-of-evening.html#comment-27714 Anonymous Mon, 01 Dec 2008 04:00:00 +0000 http://www.nakedcapitalism.com/2008/11/coinage-of-the-evening/#comment-27714 Alpha Creditor? But Yves this is the age of the ALPHA DEBTOR. And guess who that is? In 1929 the US held claims in gold-backed currency. Your alpha creditor holds claims in IOUs issued by the ALPHA DEBTOR. There is alpha but then there is... ALPHA. Alpha Creditor? But Yves this is the age of the ALPHA DEBTOR. And guess who that is? In 1929 the US held claims in gold-backed currency. Your alpha creditor holds claims in IOUs issued by the ALPHA DEBTOR. There is alpha but then there is… ALPHA.

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