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Thread: weekend commentary - Too Many Chips Bet on ODD ...

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    Default weekend commentary - Ripple Effects, Law of Unintended Consequences, Hedge Fund Risk

    good discussion of hidden risks and hedge funds' impact on markets at this week's (scroll down till you find "too many bets on ODD")

    Also, Russ Winter also just posted a very interesting story regarding the 'ripple effects' of one New Jersey homebuilder who has been forced into bankruptcy, who then 'stiffed' all of their subcontractors for hundreds of thousands of dollars worth of work that the subcontractors had already performed for the homebuilder. As Russ points out, lots of these subcontractors are in a position where they cannot continue to cover their worker payroll when a major account 'stiffs' them for hundreds of thousands of dollars worth of work. In fact, most subcontractors have been borrowing money to pay their workers throughout the project in expectation of a big check upon project completion which would pay off their 'operating loan' - which they now have no way to repay ! As a result, the bankruptcy of one major general contractor can cause ripple effects which could bankrupt all of the subcontractors as well and immediately throw a ton of construction workers in the unemployment line !!!
    ~
    Last edited by Melonie; 10-07-2006 at 10:00 AM.

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