Tag leverage

Cod crashed, too

Iceland instantly became the only nation on earth that Americans could point to and say, “Well, at least we didn’t do that.”
In 2006, at the predecessor of a company I used to work for (N.B.: I no longer work there!), I attended a conference on CDOs. Besides meeting the commercial attache of Ukraine, I think [...]

The possible virtues of “small enough to fail”

Arbitrage

Trading: “Buying in one competitive market to sell in another competitive market”