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Strategies & Market Trends : The coming US dollar crisis

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To: Larry S. who wrote (27729)3/27/2010 11:37:21 PM
From: Slumdog  Read Replies (2) of 71477
 
>>the bonds have "the debts of the unemployed alcoholics as collateral" to make them equivalent to derivatives<<

That is total jabberwocky. I cant understand what in the world you mean by that.

>>However, while swaps are technically derivatives, to me, they are really insurance policies.<<

>> I'm probably a little thick this evening, but I don't see them in the same category as Call or Put options.<<

Why not? Puts and calls are very frequently used for just that. Insurance.

>> I can't disagree with you.<<

You can disagree with me all you want, but MBS's, which was the spirit of your little story aren't derivatives.
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