It’s a bit technical but here is the chart that illustrates the whole issue with the French debt and threatened downgrade. It compares side by side the trading values of the US and French Credit Default Swaps (CDS).
Whilst the maths and probabilities sitting behind this are quite arcane, the concept overall is actually quite simple. [...]
Hollywood and Washington might be having another one of those wonderful serendipitous moments. When the movie script writers capture the political mood better than the spin doctors could ever dream of. This time, the psychological drama between the ‘innocent’ White Swan and the ‘manipulative’ Black Swan might be an unlikely but quite telling metaphor of the ideological shift happening [...]
This post continues the conversation started here on the complex relationship between ‘the American Empire’ (perceived or real) and global finance. “American Empire and the Political Economy of Global Finance” published by Palgrave MacMillan is a marvellous book that demonstrates the American state’s central place in today’s world of globalized finance. While US military interventions [...]
US Treasury Bonds Now Value Less Than Private Bonds
In a major step towards the end of an Era, more and more analysts now consider safer to buy sound Private Bonds rather than US Treasury Bonds.
In other words coined by Bloomberg: “The bond market is saying that it’s safer to lend to Warren Buffett than Barack [...]
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