THE HOMO FISCUS

INSPECTING OUR ECONOMIC CONDITION

Must-Read: A Lightly Morbid Take on Credit Default Swaps (viz: “Celebrity Death Swaps”)

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.

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This entry was posted on July 31, 2012 by and tagged , , , , , , .
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