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This is all a matter of parasitical side-bets on the main events of Euro liquidity/solvency matters, but the stakes are high.
It could all get quite violent. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
Writing a crime novel is easy, comparatively speaking. But I would prefer that it were plausible and didactic in nature.
It's a variation on the old "insure and burn" scam. No, it's actually more like match-fixing : placing bets on outcomes, and reducing the uncertainties.
I would prefer if I could identify actors who stand to gain from the Euro crisis itself, rather than CDS side-bets, and who might therefore wish to influence outcomes. But I haven't identified anyone yet : it looks like a lose-lose-lose situation, a seriously negative-sum game. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
Götterdammerüng, and lots of humping among the ruins. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
I would prefer if I could identify actors who stand to gain from the Euro crisis itself, rather than CDS side-bets, and who might therefore wish to influence outcomes. But I haven't identified anyone yet : it looks like a lose-lose-lose situation, a seriously negative-sum game.
In terms of money? Certainly.
In terms of goods and resources? Absolutely.
In terms of power? No. Power over others is a zero-sum game.
But of course this is a case where reality is unrealistic. It is hard to make a character in a book motivated by power over other people without having him become a caricature sociopath.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
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