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Bill Fulkerson

A Nonsensical Jumble of Misused Words Requires Discussion | RealClearMarkets - 0 views

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    In the few studies and examinations which exist, in using Treasury securities it's been figured these collateral re-pledging and rehypothecation chains average multiples of six to eight; meaning, that a single UST security might be reused for book and customer business six to eight times. Between 85% and 90% of all Treasuries taken on dealer books are re-used in some fashion. No wonder these banks might become skittish, and why Treasury (and similar collateral) prices remain the way they are. The value in UST's isn't as an investment; it's the liquidity premium demanded by a fragile global monetary system. These are balance sheet tools whose worth is derived from what central bankers and bank regulators (same thing) are in no rush to comprehend.
Steve Bosserman

The Revenge of Dial-Up Internet | Fast Forward | OZY - 0 views

  • But what about Internet users who want to slow down, but their jobs won’t let them? People whose profession revolves around deadlines and time-sensitive material — journalists, bankers and many others — would be up in arms if the Internet slowed down even a split second, admits Carl Honoré, author of In Praise of Slow. “We’re up against the Web industrial complex,” he says, in which even the most well-intentioned businesses are driven by more content, more clicks, more swipes and ultimately getting more people addicted to their product. The Slow Web movement stands at odds with these realities. “That’s the big challenge,” Honoré says, “a kind of detoxification, a relearning of how to use the Web.”
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