Big Picture Takeaways From The Credit Suisse Bond Wipeout
Crises have a tendency to shine a light on what, to laypeople anyway, are esoteric corners of the ma
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It’s not the government’s job to make banking a lucrative business. I always hated coco’s -even though in the arbitrage world there are no bad securities, only bad prices…Some people think the road to hell is frequently paved with positive carry. To me, the prospect of owning negative gamma is totally screwed up, period. We have invented so many solutions that are worse than the problem…