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Thursday, February 19, 2009
Barton Biggs Claims on CNBC He Is No Expert In International Financial System
With Traxis' results of -31% in 2008 and -5.71% in January, one would allege that Mr Biggs is merely an expert in leveraged piggybacking to a bull market.
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2 comments:
Would love to hear your thoughts on Citi CDS. Looks like market is pricing in a WaMu-like event here (as opposed to a Lehman-like disaster OR GSE-like nightmare). Any thoughts?
you are talking about a nationalization/ conservatorship type event. i have no idea how the government will treat citi as there is absolutely no pattern on previous bank defaults. look at my post Some Thoughts On N-Word Implications to see just how confused the government also is. I would not touch Citi CDS here, although my bias would be further widening with stops.
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