Month June 2011

Polizeros podcast tonight. Republican debate. Greek debt

Topics: The Republican debate showed the candidates aren’t zombie wackos. They are not the crazy kooky trainwrecks the left is hoping for. Instead, they are polished, savvy, and should not be underestimated. Republican Party turns serious Greek debt crisis. This…

Greek bonds now effectively worthless

This morning Greek CDS is trading at a spread of 1,900 bps: a level that seals the fate of Greece, whose bonds are being sold into a bidless market. Translation. To buy $10 million of credit default swap psuedo insurance…