Worth a read. If I were a bondholder, I would not go for this at all!
http://bloomberg.com/apps/news?pid=20601109&sid=aH4kh3DGgOuE&refer=home
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At Creative Destruction we are dedicated to free market principles and believe that society is best served by free markets for free men. We will attempt to guide investors through the market minefield with an acute sense of history and the geopolitcal environment. We will highlight value and special situations propositions that offer investors highly attractive upside/downside ratios. We specialize in emerging markets and commodity investments.
Blog Archive
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2008
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December
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- Why We Love Gold
- 2009- The Year of the Geopolitical Mess Says Faber
- Top Billionaire blow Ups in the US
- Biggest Billionaire Blow Ups
- What Ails Gazprom?
- When the Money Runs Out, Just Borrow More!
- Happy Holidays
- Predictions for 2009
- Ukraine Faces the Russian Bear
- A look Inside a Swiss Private Bank
- In Praise of Common Sense
- Madoff Fund Returns Were So Good that . . .
- SEC Had Been Warned of Madoff For Years
- So Whom Do We Blame for the Financials?
- Where Do I Sign Up? Combined They form Voltron!
- Housing Bubble and Taxes
- S&P Says GE May Lose AAA Rating... Really?
- Victims Don't Own 5 Mansions!
- Where Tax Payer Money Goes to Die
- Opec Cuts - Who Cares?
- Our Readers Are Very Happy
- We Are Now Japan , Money is Free
- Still Pathetic
- Major Madoff Victims - Fairfield Greenwich and Tre...
- Why Home Prices May Take Decades to Recover
- Baltic Dry Index
- A Fraud for All Times - Bernie Madoff
- Not Everyone Cuts Cap Ex
- The Bubble In Treasuries
- Other Miners that We are Accumulating
- Accumulate Silver Standard (SSRI)
- Accumulate Rare Earth Elements at 26 Cents a Share
- Clash of The Titans!
- Jim Chanos - The Short Selling King
- Sionara Apex Silver
- Wall Street Bonus Structure is Altered
- At Big Sister in Prague, the Sex is Free
- Job Losses
- The Donald Personally Owes $40 M
- Recommended Reading - Trader Vic - Methods of A Wa...
- What Exactly is a Speculation?
- Chinese A Shares looking Better
- Chinese H Shares no Longer Acting Badly
- 533k jobs lost
- One in Ten
- More Wall Street BS
- Quick , Spot the Bubble, Really !
- $25 Crude?
- Why Real Estate is Nowhere Near A Bottom
- Sionara Trophy Wife!
- Middle East Real Estate Bubble Goes Pop!
- No Chrysler Bailout!
- New Housing Bailout Proposal and Why it Won't Work
- Hot Off the Presses - Recession . . . Really?
- The Latest Bubble
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December
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About Me
- Schumpeter's Gale
- A macro economist that believes in freemarkets. Above all investor psychology supercedes traditional ideology such as growth versus value.
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