Monday, October 29, 2012

29/10/2012: More on CDS markets woes


Few days ago I mentioned I stopped watching CDS on a daily basis... and here is more on the same: link.

Well done, Europe. Nothing like sledgehammering the markets. Step next: shove loads of sovereign debts into ESM, OMT and on the 'emergency' lending lines at ECB and NCBs. That'll teach the markets how to price risk.


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