'08 never actually ran its course. They kicked the can in the hopes they would be able to not have it actually bear its foul fruit.
The derivates market is overleveraged, some entities over 30X. They are holding the hot potato and hoping it will cool off as they hold a blowtorch to it, as a manner of business.
'08 never actually ran its course. They kicked the can in the hopes they would be able to not have it actually bear its foul fruit.
The derivates market is overleveraged, some entities over 30X. They are holding the hot potato and hoping it will cool off as they hold a blowtorch to it, as a manner of business.