The Eurozone issue is over, except for the Nervous Nellies' daily skittishness. A sovereign debt put option, written by the European Central Bank, has already paid dividends by stabilizing Italian yields.
One interesting byproduct is that Jon Corzine's monster bet on Eurodebt would have paid off, but he lacked the liquidity to stay the course. Tough luck, bud.
Wednesday, December 28, 2011
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1 comment:
Loved reading thhis thank you
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