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but to help you out: "production" wont reduce short term (unless you are talking about oil production, which they reduced in order to raise oil prices). Consumption will decrease somewhat in the short term (as a result of the price increase), relative to the elasticity of demand for oil...

let me guess: Econ 105 homework question? :D :p :D

so you can pay $25 for bouncing the check, or $35 becasue they covered it for you. So, the $10 is what's outrageous? not sure I'm getting it... From the article: "Rosanne Bono of Tryon, N.C., said banks were "adding more insult to injury" after she lost her job last year. "In my struggle...

Is that an Ayn Rand-ism? just guessing here... somehting about John Galt? maybe "Where Is Jesus Going?" lol..

^ you beat me to it, lol American taxpayers absorbing their counterparty risk... As much as it pisses me off, I'm trying to see the bright side. Maybe this means that in the future US financial products & relationships will be able to carry an extra premium, since we're demonstrating to...

Where's ZOG? I thought for sure he'd be pointing out names by now???

Great post. I think it's close to how it will play out, except maybe with a few more opportunities in the middle to scam $. The fact that you bid $75 is because the taxpayer is backstopping th risk, and the reason your CDS is so cheap is becuase the taxpayer is backstopping the risk...

So are you like the designated local anti-semite or someting? Just curious.

With the government backstopping losses, I am confident that this will result in a completely undistorted market for these assets. I'm sure they'd get bid up to the same levels without the govt' downside guarantee. Whatever... I can't believe that they can actually say this sort of drivel...

looks like they just took a page from the Fed's book, and just printed up a bunch of shares. from the Daimler AG website: "The capital increase will be carried out by issuing 96,408,000 new registered no par value shares of Daimler’s Authorised Capital approved by the Annual...

hell yeah, they could lock in 5% by just selling right now... lol

I just asked our NYISO and NEISO trader, and he says no, not yet. I guess Nymex is offering very liquid zonals in those ISO's which takes away our incentive to trade on that exchange. He says later, if that exchange really takes off, and maybe offers pricing advantages we may participate there.

interesting premise... I still think the interest they charge is the premium they demand for taking on the risk of you not paying it back (plus profit). If you don't pay it back it's not like they can just print up some more and use that to offset the loan asset on their B/S (Im not talking...

Glad someone brought this up. Some might compare having government to AIG paying retention bonuses. I don't like paying 50%+ of my wages to all these local, State and Federal governments. But not paying them (leading to government disbanding in a sudden and disorderly fashion) would be an...

wow. I am not a fan of the old admin, but they had ran deficits in the $0.3T to $0.5T's. What a jump.

$2T is nothing. we print that in less than a day.

LOL. I thought capitalism meant choose the best opportunity. In this case that means take the most lucrative contract. They could go work somewhere else, but chose instead to sign a contract offering them X$ to stay until Y date. It was the best opportunity.

The Cayman Islands is a huge buyer of these. crikey... http://www.ustreas.gov/tic/snetus.txt

so what to do? buy CHF/USD? I feel like the fed & treaury are purposefully screwing my savings account. Seriously, what do you do with your savings???

Agree 100%. Argentia is another good example of default and subsequent massive international investment.