Daily Archives: 7 August, 2011

"Buffet sees no recession"

It has always amazed me that politicians and billionaires can't see recessions.

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“Buffet sees no recession”

It has always amazed me that politicians and billionaires can't see recessions.

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Credit default swap confusion.

A typical CDS is an insurance policy against a debt default.  You calculate the cost by 'basis points'.   A basis point equals $1,000 annually on a swap protecting $10 million of debt.   If you were long $10 Million in … Continue reading

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I wonder myself – now that it's too late.

What Happened to Obama’s Passion? – http://nyti.ms/ndgSDO

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I wonder myself – now that it’s too late.

What Happened to Obama’s Passion? – http://nyti.ms/ndgSDO

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Texas has a pretty bad reputation.

Going back to the fifties and sixties when I was raised there.  I can't complain personally, but we let them kill JFK and cover it up – and then we provided Lyndon Johnson as a place-holder.  He wasn't worth a … Continue reading

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Google+ invitations.

I have 100 of them left. 

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