September
24

Macro thoughts from a microcap trader: US Government worse than Lehman?

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Warning: wonkish post ahead. Apologies for the lack of posting.  Like the rest of you, my attention has strayed to broader market issues. I came across a crazy statistic I want to share: going into March, 2007, according to this Marketwatch report, credit default swap protection for Lehman Brothers debt cost $28,000 per $10 million [...]

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