INSPECTING OUR ECONOMIC CONDITION
Macro Man – TMM offers a must-read analogy lightly comparing the Credit Default Swap (CDS) outlooks of economic players to selected “Celebrity Death Swaps” – the TMM coined CDS on the lives of certain aging, young, and party-hardy celebrities. It turns out that Spain is quite the Lindsay Lohan while Greece shapes up to be a Keith Richards. Read the article for sake of jest and, perhaps, a better comprehension of CDSs. For more insight into Credit Default Swaps, and how they may have played into the ’08 recession, check out the AMERICAblog.