Monday, July 13, 2009
Economic Meltdown II
It's early and I was barely awake when I started through my email this morning, but I am definitely awake now. Here's the reason why.
"Then I read this headline in the Financial Times: 'Strange but true -- the credit specs are back." According to the column that followed by John Dizard, "[T]hanks to the Geithner Treasury's policy of reform, rather than dissolution, CDS trading has regained a vampiric strength that the real economy still lacks.'"
And you thought the payoffs were over.
That is all. Disperse.