Tag Archives: goldman

  • Podcast

    Janet Tavakoli: Understanding Derivatives and Their Risks

    Abuse is the problem
    by Adam Taggart

    Saturday, September 15, 2012, 3:48 PM

    19

     

    Global financial markets are awash in hundreds of trillions of dollars worth of derivatives. By some estimates, the total amount exceeds one quadrillion.

    Derivatives played a central role in the 2008 credit crisis, as they had a brutal multiplying effect on the magnitude of the carnage. As a bad asset was written down, oftentimes there were derivative contracts written against it that resulted in total losses 10x greater than the initial write-down.

    But what exactly are derivatives? How do they work?

    And have we learned to treat these "weapons of mass financial destruction" (as Warren Buffet colorfully coined them) any more carefully in the aftermath of the global financial crisis?

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  • Blog

    Market Recap – Ridiculous Productivity

    by Chris Martenson

    Friday, November 6, 2009, 4:12 PM

    0

    Practically every day I post my observations about what is happening in the markets and larger world for enrolled members in the “Martenson Insider” area and then we discuss it.

    Here is yesterday’s post (11/5/09).

    I’d be delighted if you would consider joining.

    ———————————————————————————————————-

    After digging around and sifting through the things both said and not said, I have come to the conclusion that what we are seeing are the likely effects of a rescue operation.

    By this I mean a large injection of stabilizing cash to one or more parties, possibly related to the recent large bankruptcies.  Two of my friends, who have been actively trading for more than 20 years between them, threw in the towel this week, as their patterns and methods are no longer working.

    Their conclusion is the same as mine; this market is not trading like it used to.  It is trading chaotically, counterintuitively, and as if there’s some sort of distorting influence involved.

    First, we might just wonder if this isn’t the impact of a rogue firm with entirely too much power moving the market for its own benefit.

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  • Blog

    Daily Digest – September 28

    by Davos

    Monday, September 28, 2009, 2:38 PM

    0
    • Ticker Guy: Post-HR1207 Hearing (Video)
    • David Rosenberg’s Special Report (at ZeroHedge)
    • Max Keiser talks to Stacy Herbert about the IMF sales of 403 tons of gold (Video)
    • Is The Fed Hiding Gold Swap Arrangements With Foreign Central Banks?
    • Staycation (Chart on page)
    • Ron Paul on Fed Transparency, We Shouldn’t be Afraid of the Truth (Video on page)
    • Niall Ferguson Discusses the G20 (Video, H/T Ernie)
    • Bailout Costs…..to Date
    • G-20 gridlock leaves global financial system at risk (H/T Dogs)
    • $1,900.00 or do Time (Congress excluded)

    Read More »

  • Blog

    Daily Digest – July 17

    by Davos

    Friday, July 17, 2009, 3:00 PM

    0
    • Ratigan and Riholtz Discuss Goldman (Video)
    • The Chinese Equity Bubble: Ready to Burst
    • Social Security spends $700,000 on Phoenix conference
    • NYC: 57% Tax for Top Earners
    • California tax officials: Legal pot would rake in $1.4B
    • Foreclosures rise 15 percent in first half of 2009
    • Poor in Colorado may get free phones
    • Cash-poor Connecticut may sell land, buildings
    • Hedge Fund Buys 5 Billion in Gold Bullion
    • What’s the Real CPI?

    Read More »

  • Blog

    Daily Digest – July 16

    by Davos

    Thursday, July 16, 2009, 3:02 PM

    0
    • Summers: I don’t think the worst is over
    • New Live Poll Allows Pundits To Pander To Viewers In Real Time (Humor, H/T DavidC)
    • Goldman executives sold $700m of stock
    • House bill to hit millionaires with 5.4 pct surtax
    • Obama mulls rental option for some homeowners
    • Eliot Spitzer on Goldman Sachs…(Video)
    • Yes, Unemployment Is Worse Than Report

    Read More »

  • Blog

    Daily Digest – May 6

    by Davos

    Wednesday, May 6, 2009, 3:26 PM

    0
    • 401(k)s Hit by Withdrawal Freezes (H/T Suzie G and CM)
    • Ben Bernanke to Ron Paul: “I will resist any attempt to dictate monetary policy.” (Video)
    • Reality Brought to You via Truth Tellers…
    • WSJ: About 10 of 19 Banks will need Capital
    • Richardson and Roubini Call for Bank Resolution, Diss Stress Tests
    • Goldman connection at NY Fed “doesn’t pass the smell test” (Video)
    • The Truth
    • From Michael Covel’s Site: Bright Future, Superfund Gold (PDF)

    Read More »

  • Blog

    Daily Digest – May 5

    by Davos

    Tuesday, May 5, 2009, 3:23 PM

    0
    • China has ‘canceled US credit card’: lawmaker
    • Worries Rise on the Size of U.S. Debt
    • Expert: get out of western sovereign bonds (Video on page)
    • Gold off to the Races? Buffet Claims Inflation going…UP
    • WSJ: Banks Tighten Corporate Credit Lines
    • HomeOwner’s Equity: Less than 15%
    • Bogus Expert/Forecast Alert (Latest Column for the Huffington Post)
    • Dark Clouds Hanging Over Sunshine State?
    • A Conflict of Interest is Not a Conflict of Interest If It Involves Goldman
    • America’s Banks 101 (H/T Mike Pilat, Video)
    • New Stress Trial Balloon Floated
    • World’s major rivers ‘drying up’

    Read More »

  • Blog

    The Big Takeover – Looting Continued, Part CXLIVXX

    by Chris Martenson

    Saturday, March 21, 2009, 2:44 PM

    0

    On Wednesday of last week, I wrote these words in an Alert:

    Given the recent revelations that Goldman Sachs and other well-connected players in the AIG scandal got billions of dollars directly from the US taxpayers for their side-bets with AIG, I will not be at all surprised to find out in a few weeks or months that Goldman Sachs, JPM, and others were magically positioned to make a killing off of this move.

    That’s just raw speculation, but it fits with the general pattern of conflicted enrichment that has stalked every move in this grand looting operation so far.

    In fact, the constant drip-drip-drip of news about self-dealing by insiders with zero legal consequences for the perpetrators leaves me with the queasy feeling that every attempt at finding a legitimate resolution to this crisis will be thwarted by a crowd of Wall Street insiders who simply cannot resist an opportunity to redirect money into their own pockets. But that’s another story.

    Yesterday that story got published in Rolling Stone Magazine.

    Matt Taibbi, the author, deserves a standing ovation for the most outstanding explanation of how truly corrupt the situation is, and capturing the hubris and entitlement that infuse our entire power structure.

    It is the best I’ve yet read on the subject. You must read it. The whole thing.

    Here’s the link to it.

    Read More »

  • Blog

    Daily Digest – March 8

    by Davos

    Sunday, March 8, 2009, 5:12 PM

    0
    • The Biggest Asset Class You Never Heard Of 
    • World’s biggest banks to meet in London: report
    • Trump venture folds, leaving buyers strapped
    • Stark’s hottest job: Janitor
    • Geithner – Would Have Made a Good Diplomat
    • Fridson Says Junk Debt Is ‘Extraordinary Opportunity’ (Update2)
    • H+ Magazine: HaCKinG tHe eConomy
    • FSN News Hour 1-3
    • A Look Inside the Numbers
    • Homeless man has website that tells his story and takes donations (H/T Zombie210)

      Read More »