Tags » Credit Default Swaps

Venezuela: Is Maduro driving down bond prices to buy them back on the cheap?


By Daniel Cancel

November 8, 2017, 9:52 AM EST

  • Maduro may be driving down price of bonds to buy them back

  • ‘Our own suspicions tend more towards a more brutal endgame’

417 more words

Aaand It's Gone: Venezuelan Bond Investors Brace for Steep Losses on Sovereign Default

Venezuelan sovereign credit default swaps have priced-in imminent default.

The end game for economic policy gems such as “deficits don’t matter,” “printing money for the people,” and “corruption is the cost of doing business” is here. 160 more words


A Ponzi scheme feeding on a Ponzi scheme: the 2008 crisis revisited

The former UK Chancellor of the Exchequer, Gordon Brown, recently published his memoirs, My Life, Our Times. The 2008 global financial crisis (GFC) coincided with the final stages of Brown’s career as a politician, and any economic decision made by politicians today must avoid repeating the mistakes which led to that crisis. 3,794 more words

The Road To Hell Is Paved With Good Intentions

Lehman bankruptcy “Citi cherry-picked the valuation curve,”

Almost a decade after the global financial crisis, the fate of another $2 billion from the wreckage of Lehman Brothers Holdings Inc. is about to be determined. 932 more words

Introduction to Credit Default Swaps

The Credit Default Swap became a household name in 2008 when it became clear that its widespread use contributed to the financial crisis. While the CDS market has shrunk since its heyday and looks very different today, CDS contracts continue to be used by banks and hedge funds as a way of managing risk and speculating on debt. 939 more words

Credit Default Swaps

Weapons of mass destruction.

We live in a modern world, which is constantly evolving and changing. Nowadays, you do not need to bomb a country in order to destroy it. 650 more words