Of Two Minds - When Risk and Opportunity Become Personal Error: Embedded data could not be displayed. Error: Embedded

charles hugh smith-Asymmetric Risk, Bicycles and SUVs           Asymmetric Risk, Bicycles and SUVs   (December 18, 2008) Many

August 22, 2013) Offloading risk onto the state does not make the risk vanish; it simply concentrates

Of Two Minds - Risk Was Never Low, It Was Only Hidden Error: Embedded data could not be displayed. Error: Embedded

charles hugh smith-Extreme Leverage, Extreme Instability, Extreme Risk         Extreme Leverage, Extreme Instability, Extreme Risk   (April 7, 2011) Leverage isn't

who risk losing money in a speculation and those with no risk of loss

house of cards. How? Consider: 1. The extreme levels of inherent risk in each

collateral of the house and land. All such debt has an inherent risk: the value

Everyone a Speculator   (January 24, 2014) The elimination of low-risk interest income in

the inherent uncertainties of the vaccine cause them to avoid higher-risk activities. Those assuming that

the business-centric Wall Street Journal for this story: Debt Party: Investors Scoff at Risk, But Their Borrowing May

to exploit and loot the last remaining pockets of low-risk capital. We start with

found myself in agreement with Timothy Geithner's recent assessment of systemic risk and the

of unscrupulous mortgage brokers who "gamed the system" and foisted high-risk or fraudulent mortgages onto

prices the dollar doesn't weaken, it actually strengthens, as a flight from risk causes money to

By the time all the regulatory burdens are added onto the inherent risks of starting

harmony and stability. Put another way: the Fed has taken the risk from failed institutions and

the purchase of debt. Documentary film maker Adam Curtis explored the inherent limits of mechanistic

by comparison? The idea that flesh and blood should ever be at risk in defense

Using the clients' capital to arbitrage yield differentials in duration, risk and other

E-Letter (free, and always interesting). The analysts peg the risk of a

buying short-term Treasuries as a way to limit its long-term risk to rising

plan: inject tens of billions of free money into the "risk trade," i.e. equities and

the purchase of debt. Documentary film maker Adam Curtis explored the inherent limits of mechanistic

crisis doesn't necessarily resolve the instability. History shows that when systems had enough inherent wealth to draw

political volatility. Seemingly permanent low interest rates that lured investors to pile into high-risk gambles will suddenly leap

a global and domestic currency--Triffin's Paradox writ large. The inherent problem with a

to improve the security of their computers. At the risk of boring

breaks down. This is currently considered "impossible," for anyone pointing out the inherent fragilities of this

It’s a tough question, as you know, for reasons that are inherent to buying

a kernel of truth in every admonishment that greed in inherent in human

banks and governments will never let assets fall in value. This insulation from risk is known as moral

Today we look at DOG, a 1X (unleveraged) Short Dow ETF as another lower-risk way to increase

for new pragmatic ideas based on the present realities. At the risk of stating

for new pragmatic ideas based on the present realities. At the risk of stating

the housing bubble would hollow out exurbs and suburbs. At the risk of parading

once entered, traps are difficult or impossible to escape due to their inherent (ontological) nature. While all

surface of "just in time" deliveries and other efficiencies. This inherent fragility has long fueled

and consequences in expecting private capital to dredge up and risk the $45

Neoliberal Global State Capitalism, a.k.a. predatory Capitalism. These are: 1. Overcapacity. As Marx foresaw, capitalism's inherent drive to maximize

you've forgiven me for using the word "ontological" (y'know, like inherent or "an a

electronics and other industries. This is unpopular with those whose jobs will be at risk, and popular

and unapologetic widespread fraud, and by the unjust offloading of risk and liability

is virtually 100%, while the percentage of those willing to risk their time and

which lowers demand even further. This cycle of boom and bust was inherent to Capitalism

buying short-term Treasuries as a way to limit its long-term risk to rising

and unapologetic widespread fraud, and by the unjust offloading of risk and liability