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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (100986)	2/6/2009 7:46:29 AM
From: patron_anejo_por_favor	Respond to of 110194

LOL, no one said it was gonna be easy. Just that it would have to be done before real (not debt-based) growth can resume. And I agree that with illiquid instruments like CDS's there's a bias among speculators to buy the instrument rather than sell it. Having unlimited risk in an illiquid investment is a sure way to bankruptcy eventually. Taleb has made this point very eloquently.