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NY Times article on the practice of simultaneously selling bad debts and then betting against it

http://www.nytimes.com/2009/12/24/business/24trading.html?em

“The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen,” said Sylvain R. Raynes, an expert in structured finance at R & R Consulting in New York. “When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else’s house and then committing arson.”

“Tolong jelasin masalah resesi dong”

recession-2008(Conversation as of 19 October 2008)

yyyy(9:43:38 PM): btw tlg jelasin masalah resesi dong

yyyy(9:43:43 PM): gw ga ngerti nih hehehe

yyyy(9:43:47 PM): lo kan pasti jago

Dhirosattha (9:44:40 PM): resesi ekonomi scr umum? ato yg sekarang?

yyyy(9:47:25 PM): yg sekarang

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Vocational money and computer money

By: Sendy Filemon, 31 October 2008

Question, what is the underlying, most basic premise of current global economy system?

Perpetual growth

What prove to this answer?  The pervasive application of interest rate to borrowed capital. An interest means that the borrower will somehow get more money in the future than what he had borrowed today. Without growth, it’s impossible to expect that the borrower would be able to do such a thing. We have been so used to growth, so expectant of growth, that we often forgot that without growth, interest is impossible.

Ok, since this is pervasive, everyone who borrows money needs to pay an interest, what is the implication of applying a perpetual growth assumption into an economic system?

As some people had mentioned: In an economy system based on perpetual growth – There’s only 3 paths: actual increase in production, inflation, or bankruptcy.

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Will there be capital in Apac Oil and Gas? IFC stand to fill the void

by Sendy Filemon, 23 October 2008

Some say that the financial crisis is the worst crisis since 1930, I say, this is the best opportunity since 1930. Financial crisis happens, in such times, both big winners and losers will emerge at the end of the tunnel. And I believe, IFC stands to be a winner, here’s why

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