GFC origin: Debt Greed Hedging

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Central Planning Update (In Theory And Practice) - You Are Here. Submitted by Jeffrey Snider of Atlantic Capital Management Volatility Is The Price Of Real Progress As we all ponder what may come at us in 2012, the ongoing volatility in almost every corner of every marketplace is certainly concerning, as it should be. This record volatility has enormous implications for any investor, but especially those in leveraged ETF’s. Volatility is the anathema to these vehicles, as has been well discussed, but that does not diminish their targeted usefulness. Mettre la spéculation hors la loi. Au début, la spéculation a généré la crise.

Mettre la spéculation hors la loi

Désormais, la spéculation veut tirer profit de la crise. En attaquant aujourd'hui la Grèce, et demain d'autres pays peut-être, elle mord la main qui l'a tirée du naufrage. Debt: The first five thousand years - David Graeber. Throughout its 5000 year history, debt has always involved institutions – whether Mesopotamian sacred kingship, Mosaic jubilees, Sharia or Canon Law – that place controls on debt's potentially catastrophic social consequences.

It is only in the current era, writes anthropologist David Graeber, that we have begun to see the creation of the first effective planetary administrative system largely in order to protect the interests of creditors. What follows is a fragment of a much larger project of research on debt and debt money in human history. The first and overwhelming conclusion of this project is that in studying economic history, we tend to systematically ignore the role of violence, the absolutely central role of war and slavery in creating and shaping the basic institutions of what we now call "the economy".

Le capitalisme et la mort. Did a productivity slowdown cause the financial crisis? Most narratives of the crisis start with problems in the financial sector that then spilled over into the real economy.

Did a productivity slowdown cause the financial crisis?

This column looks at the real side first and shows that labour productivity growth declined significantly in the years prior to the crisis, particularly in the US construction sector. Financial markets may have failed in that they didn’t detect the deterioration of structural productivity trends in the early 2000s. Discussions about the current crisis often present events in a sequence, such as that the US sub-prime crisis in August 2007 triggered a major inter-bank credit crisis, which transformed itself into a general credit crisis, the latter having an impact on the real economy and overall business and consumer confidence. Sarkozy - Toulon.

Reconnaissant que la crise « aura des conséquences dans les mois qui viennent sur la croissance, sur le chômage, sur le pouvoir d’achat, » Nicolas Sarkozy constate que « l’idée que les marchés ont toujours raison était une idée folle, » et juge que « le laissez-faire, c’est fini. » Mais attention : « la crise financière n’est pas la crise du capitalisme. » C’est la crise d’un système qui s’est éloigné de ses « valeurs les plus fondamentales ».

Sarkozy - Toulon

Que faire ? Trouver un « nouvel équilibre entre l’état et le marché, » réguler la finance, réformer le système monétaire international lors d’un nouveau Bretton Woods, bousculer les dogmes de l’Europe. Vaste programme. Nicolas Sarkozy, Toulon, 25 septembre 2008 (extrait) SBS Dateline - Lagarde. RBA GFC causes. The curious paradox of Hedging & Regulation is a case for Common.