Sunday, July 11, 2010

Financial derivatives, their rise and rise

From ABC Radio National: Many of the large collapses during the global financial crisis were finance companies dealing in exotic financial instruments such as Collateralised Debt Obligations - CDOs. CDOs are a form of derivative, a trading tool with a long and chequered history. We trace the origin and purpose of derivatives and how they became so large and dangerous....listen here

Truth about Markets - London

Latest "Truth about Markets" London: a weekly 1hr radio show broadcast on Resonance 104.4FM hosted by Stacey Herbart (political journalist) & Max Keiser (economic activist and documentary maker)........listen here

Presenting The Wall Of Worry: The 50 Ugliest Facts About The US eCONomy

From As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US on

Shouldn’t do it; couldn’t do it anyway

By Bill Bonner: Paul Krugman, Martin Wolf and the other big spenders are remarkably resilient. And cunning. On their advice, the world's governments put up as much as 4 years' worth of the entire planet's savings to bring about a 'recovery.' On the evidence of the last couple of weeks, it didn't on