The cost of insuring Irish sovereign bonds against default using credit default swaps hit a fresh record high.
Just wait, its going to get better. Thinking short Euro and US$, long C$, A$, JPY and Swissie. Just me thinking out loud.
Disclosure: No positions in investments mentioned.
This is my effort to help fit the pieces together to get a better picture of the capital markets.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
No comments:
Post a Comment