Morning Caffeine Links 4-10-2012


Expert in business development, product development, and direct marketing. Developed strategic sales plans, product innovations, and business plans for multiple companies. Conceived the patent pending Spot Equivalent Futures (SEF) mechanism, which allows true replication of spot and swap like products in the futures space.

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4 years 2 months ago

Maybe there is something to this, but I can’t help but think this is the phase where conservative economists switch from ‘austerity works’ to ‘the right kind of austerity works.’ Got it from Mankiw’s blog…

4 years 2 months ago

“Jurisprudence Fetishist Gets Off On Technicality”
Secretly, he was hoping for a hung jury.

I liked the asteroid story. It sounds disturbingly plausible.
“In a strong rebuke of President Obama and his domestic agenda, all 242 House Republicans voted Wednesday to repeal the Asteroid Destruction and American Preservation Act, which was signed into law last year to destroy the immense asteroid currently hurtling toward Earth.”,19025/

4 years 2 months ago

Thanks for the link, but . . .

1. I am not clearinghouse. I am anti-clearing mandate. There is a difference. Read my research and maybe you’ll figure it out. Maybe. I am also pushing back on clearing propaganda from the likes of Timmy! and GiGi and Barney and Chris. I want to make it plain that CCPs are not panaceas, and pose their own risks. Maybe if you pay attention you’ll notice that regulators around the world are making the same warnings. Warnings I’ve been making for 3+ years. You need to get up to speed.
2. MF Global couldn’t have happened under a clearinghouse? Really? The whole point of MF Global is that customer moneys that were held in segregated accounts *as margins for cleared futures positions* (and extra funds that customers kept primarily to facilitate margin calls and the opening of new cleared positions) were used by the firm. For you to say that “MF Global could not have happened under a clearinghouse” is just embarrassing.
3. I haven’t written anything recently on MF Global because there are no new facts: when there are, I will weigh in. I wrote about it quite a bit when it happened. A good deal of what I wrote was deconstructing some of the false and misleading claims about the obligation of CME’s clearinghouse to MF Global customers. Which kind of shows that the MF Global disaster “happened under a clearinghouse.”