Posted on 04/22/2010 9:48:31 AM PDT by SeekAndFind
Edited on 04/22/2010 9:53:18 AM PDT by Admin Moderator. [history]
As interest rates begin to rise worldwide, losses in derivatives may end up bankrupting a wide range of institutions, including municipalities, state governments, major insurance companies, top investment houses, commercial banks and universities.
Defaults now beginning to occur in a number of European cities prefigure what may end up being the largest financial bubble ever to burst
(Excerpt) Read more at wnd.com ...
That is good to hear. I hope you are also able to defend it.
More self-promotion nonsense. Derivatives are bets on underlying assets. One may bet on the assets to go up in value as well as to go down. Merely to state that there is a large investment in a particular instrument does NOT demonstrate that there is a bubble. Moreover, bubble exists when the instrument is unsustainable overPRICED. The amount of investment has nothng to do with the state being a bubble or not.
It appears that it is the writer's head that contains a bubble of hot air.
Jermone?
>>I hope you are also able to defend it.<<
Nothing is guaranteed, but one does the best they can. This farm is ~13 acres and surrounded by similar properties, most larger. It is off a road off a road off a fairly major 2 lane highway. It is roughly 80 miles from the nearest large city (Louisville) and the “urban hordes” would have to work their way through those 80 miles of people like me to get to me. It would cull the herd, somewhat.
I’m being a little tongue in cheek there, but I think you at least get a feel for what thought processes went on when I bought the place. BTW, that was only part of the reason we bought it. Mainly, it was as a place to retire to. It is mind-bogglingly quiet, the neighbors are wonderful, it is a bicycle/motorcycle paradise and it is still only 15 minutes from TWO walmarts and a Lowes.
But we could live off it if necessary and it is an entire finger of a plateau. It is VERY defensible.
better invest in printing presses....since the feds and states dont want to cut spending
RE: Jermone?
You have sharp eyes. Unfortunately FR does not have an edit facility for typos.
Wow. That sounds very nice.
Sounds similar to a bookie balancing his bets so he wins anyway on his 10% fee.
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