#jpMorgan Launches New #CreditDefaultSwap (yep, the things from the last crash) Basket To Help Clients Hedge #AI Debt Risk 👀
J.P. Morgan is offering clients a new way to bet against the debt of the five major hyperscalers ( #alphabet, #amazon, #meta, #microsoft, #oracle) as investors seek more liquid hedges amid an unprecedented borrowing spree to finance the AI and #datacenter buildout. 😅
https://themoneyprinter.substack.com/p/the-big-short-20
⬆️ @Nonilex
>> Top crypto execs have tried to mobilize the industry behind #Trump, who has reciprocated by praising digital currencies & hosting execs
If Trump wins, #crypto will be the defining crisis of this decade, just like #SavingsAndLoan #CreditDefaultSwap #GlobalFinancialMeltdown crises of past decades
Trump will leave the economy in a wreck for the #Democratic president of 2028 to clean up, if there is a new election then
Otherwise, it’d be #oligarchs plundering #US, just like #Russia
#15yrsago Mexico to fingerprint mobile-phone owners https://web.archive.org/web/20081218201523/https://www.google.com/hostednews/ap/article/ALeqM5hbIC6ZYe2A2fSIe1q-1dnh4TphiwD94VK6K81
#15yrsago Last days of an NYC library https://www.drivenbyboredom.com/2008/12/11/the-donnell-library-center-a-eulogy-in-pictures/
#15yrsago UK culture secretary: “Screw the facts, I’m extending copyright anyway” https://www.openrightsgroup.org/blog/screw-the-evidence-says-burnham-lets-extend-copyright-term-anyway/
#15yrsago What the hell is a #CreditDefaultSwap? https://web.archive.org/web/20090421013937/https://www.thisamericanlife.org/radio_episode.aspx?episode=365
#15yrsago @eff (cautiously) optimistic at record labels’ offering of a #BlanketLicense to universities https://www.eff.org/deeplinks/2008/12/labels-open-collective-licensing-campus
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Il debito Usa esplode ma nessuno crede davvero al default. Intanto le scommesse sul fallimento consentono benefici da centinaia di miliardi agli speculatori. Lo show della finanza -più forte della politica- è così in grado di coinvolgere persino il Congresso più influente del Pianeta, adoperandolo per i propri fini. L'analisi di Alessandro Volpi
Il sistema della turbofinanza stava in piedi per l’enorme liquidità disponibile che ha generato però un’ondata di inflazione speculativa. Ora i tassi alti tolgono valore a tutti i portafogli bancari e vengono a galla i prezzi drogati. In queste condizioni -vedi Credit Suisse- il contagio può estendersi a macchia d’olio, osserva Alessandro Volpi
from #TheBigShort (2015), regarding credit default swaps which were used to bet on the collapsing housing market / mortgage backed securities:
"let me put it this way: I'm standing in front of a burning house, and I'm offering you fire insurance on it."
Incognitim
Ramesh Gupta
Cory Doctorow
Altreconomia
jergy
El Club De Los Físicos Muertos
xameer