The fat lady hasn’t even walked onstage

The credit bubble is just starting to unwind, a credit-derivative insider says. And while U.S. borrowers are being blamed for the mess, they were really just pawns in a global game.

When asked if  we were in the third inning on this, insider Satyajit Das, author of a 4,200 page book on credit derivatives, just laughed, saying we’re still listening to the national anthem, the game hasn’t even started yet.

Comments are closed.

Powered by WordPress. Designed by WooThemes