I’m just going to leave this here…. Remember: Bond traders are the smart money and they will blow CDS spreads out in a heartbeat to […]
Tag: CDS
The Crash is Happening, Just not Where You Think
The past week in equities can best be described as “barfworthy” at best. But it’s not the crash, the capitulation, the bald guy screaming they […]
ISDA Rules Russian Railways Credit Default
In what will be the first of many to come, ISDA today ruled that the Russian Railways are now officially in default for not paying […]
This is Normal; IF the Date is October 2008
H-o-l-y smokes. I never, ever, ever, thought it was possible to repeat stupidity of this magnitude twice in 20 years, but by God our Western […]
The 2008 Housing Crisis was Nothing Compared to the Next Crash
Those who were not aware of what was happening to America’s housing economy in 2005 through 2008 only have the movie The Big Short as […]