Idealism & Materialism

As we are surrounded with binary concepts everywhere we turn, whether they be black and white, night and day, or good and evil, we tend to reduce our perception of the world to a binary system. This, however, serves benefits only to human intelligibility, i.e., our simplistic understanding of the world. Continue reading Idealism & Materialism

From the South Sea Company Share to Credit Default Swap

In effect, two instruments with conflicting purposes and functions were packaged together and sold to investors that did not fully understand what they were buying: one was designed to make money as the subprime mortgage market grew; and the other was betting against it. So who ultimately won? The answer; the intermediary. Continue reading From the South Sea Company Share to Credit Default Swap