How gross and net CDS notionals really work
According to the DTCC, there is $75bn gross notional outstanding for CDS contracts referencing Greece. However, on a net basis this figure reduces substantially to $3.7bn.
Banks Bow to ‘Last Word’ From Merkel on Greek Debt
The world’s biggest banks bowed to what German Chancellor Angela Merkel called the “last word,” agreeing to write down their Greek government debt by half in the pivotal piece of the euro area’s bid to stem the financial crisis.
Amazon AWS might be a billion-dollar biz
All American Investor
Markets Exploding Upwards Overnight
E-Mini S&P 500 December 2011 (ESZ11) 1,267.25 29.75 (+2.40%)
SuperConnected Finance Networks Inherently Unstable?
The idea that a few bankers control a large chunk of the global economy might not seem like news to New York’s Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power.
PERRY CHICKENS OUT
With three debates scheduled within six days of each other in early November — and over a dozen other debates planned for the next three months — Perry's campaign is now trying to avoid them.
Poor clerk first to win million on India game show
Original content Bob DeMarco, All American Investor
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