Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations.
Check out London, Manhattan, Aspen and East Hampton real estate prices, as well as high-end art prices, to see what the leading edge of hyperinflation could look like.
Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.
Derivatives trading should be standardized and as much as possible moved to clearinghouses.
You have got to welcome and embrace complexity.
I know people who are always freeriders and will never get into a fight.
If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange.
Securing for gays and lesbians the basic right to have their relationships and families recognized as part of a community makes all of our communities stronger.
Successful hedge funds will be entrepreneurial; it is the essence of the craft.
What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be ...
Capital is kind of a banking concept.
Margin is a customer concept.
I've never let my guard down by saying, 'I don't need to be hedged.'
Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.
Stability is not the way of the world.
What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.
There is no safe haven in today's markets.
There's a feeling among some people that the Republican party is harsh on some things.
The bottom line is that the euro is a failed experiment.
Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.
