Posts Tagged ‘government involvement’
Citigroup Credit Default Swaps Jump; Reminiscent of Fannie Mae/Freddie Mac
Tuesday, February 24, 2009 15:48 1 CommentThe Dow Jones reports that the cost of protecting Citigroup’s (C) subordinated debt against default rose to distressed levels Tuesday amid widespread uncertainty over what new government involvement in the banking giant would entail. Credit default swaps on Citi’s subordinated debt are trading at 8/11 points up front, according to Phoenix Partners Group. That means [...]
Kondratieff Vindicated? A Look at the K-Wave
Thursday, November 27, 2008 14:10 No CommentsKondratieff
Nikolai Kondratieff was a Russian Professor who, after the Russian revolution of 1917, was tasked with developing the “Five year plan” which researched and analyzed factors regarding economic growth for the Soviet’s. Kondratieff published his work in 1926 and because his findings seemed critical of the stated policies of Joseph Stalin, Professor Kondratieff was removed [...]
