CDS Meltdown and The End of the Carry Trade
CDS Meltdown and The End of the Carry Trade
Over 700 banks (with trillions of dollars in assets) will come crashing to the ground. Hundreds of hedge funds will collapse, along with a number of major private equity firms. Corporate bankruptcies will soar. And another $20 trillion will be wiped off global stock markets. And no amount of Fat-Chance Packages or Bailout Band-aids from the Fed will help this time.
But this one bombed-out investment (that's been trading at depression level prices for 18 years now) could soar two to ten fold as the world comes undone.
- full article
Over 700 banks (with trillions of dollars in assets) will come crashing to the ground. Hundreds of hedge funds will collapse, along with a number of major private equity firms. Corporate bankruptcies will soar. And another $20 trillion will be wiped off global stock markets. And no amount of Fat-Chance Packages or Bailout Band-aids from the Fed will help this time.
But this one bombed-out investment (that's been trading at depression level prices for 18 years now) could soar two to ten fold as the world comes undone.
- full article
posted by Victor Lloyd Smith @ 6:18 PM
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