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George Soros

Required Reading

“Who’s Who” Discussion of Financial CrisisBest read of the weekend: a roundtable called “The Crisis and How to Deal With It.” Participants are a “who’s who” of finance and public policy: Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, and George Soros. Warning: their (quite sober) analyses are not for the easily spooked or faint...
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George Soros on CDS

Everything Clear Now? Going short on bonds by buying a Credit Default Swap (“CDS”) contract carries limited risk but almost unlimited profit potential. By contrast, selling CDS offers limited profits but practically unlimited risks. This asymmetry encourages speculating on the short side, which in turn exerts a downward pressure on the underlying bonds. The negative...
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