tag:blogger.com,1999:blog-6616959642391988608.post7698866213062142864..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Declining swap spreads are very bullishScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-82117245035942886532010-06-16T08:26:11.470-07:002010-06-16T08:26:11.470-07:00REW: I don't think they are critical of CDS pe...REW: I don't think they are critical of CDS per se, rather they are critical of the assumption that a CDS market (or any derivatives market) can be efficient or a sign of efficiency. The CDS concept is sound, but the CDS market can be abused, especially if the government gets involved (e.g., tipping the scales, p. 227). <br /><br />Swap spreads are indeed similar to credit default spreads, inScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34123315250795671072010-06-16T06:17:23.377-07:002010-06-16T06:17:23.377-07:00Scott,
I know you read Panic by Redleaf and Vigila...Scott,<br />I know you read Panic by Redleaf and Vigilante. I am just getting to it, but my understanding is they are critical of CDS as a measure of risk. Are they criticizing the same swaps spread you mention here?<br />Thanks as always for a great blog.<br />Russpiefarmerhttps://www.blogger.com/profile/04596576632760958227noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72249472572973164352010-06-15T14:18:59.414-07:002010-06-15T14:18:59.414-07:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47507977610486863142010-06-15T14:09:58.927-07:002010-06-15T14:09:58.927-07:00bravo to you. you stand by your analysis.bravo to you. you stand by your analysis.septizoniomhttps://www.blogger.com/profile/14253705209662419429noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12326945125654790892010-06-15T13:27:38.205-07:002010-06-15T13:27:38.205-07:00yesyesScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79045266646799089492010-06-15T12:50:30.071-07:002010-06-15T12:50:30.071-07:00ok, that's a very nuanced answer. is your inve...ok, that's a very nuanced answer. is your investment portfolio most of your wealth (other than your home)?septizoniomhttps://www.blogger.com/profile/14253705209662419429noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83683774853204925072010-06-15T12:13:00.908-07:002010-06-15T12:13:00.908-07:00My investment portfolio holds no cash, mostly equi...My investment portfolio holds no cash, mostly equities, some corporate and high-yield bonds, and TIPS. I also have decent exposure to real estate and a 30-yr fixed rate mortgage.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62817883780617120152010-06-15T11:59:57.721-07:002010-06-15T11:59:57.721-07:00where do you invest your personal wealth, being th...where do you invest your personal wealth, being that you are so bullish, generally? be honest.septizoniomhttps://www.blogger.com/profile/14253705209662419429noreply@blogger.com