Wednesday, November 29, 2017

The lure of trash

Or tranche. The 'oops' is still there. Too, ETFs now are a huge complicating factor. Everyone has seen them only on the upside where they provide a multiplying effect. On the down side, look for squashing to be huge.

This Quora question applies to the theme: Is-Wall-Street-working-on-a-way-to-bundle-student-debt-currently-at-1-5-trillion-dollars-into-tranches-to-sell-to-private-investors-all-over-the-world-like-they-did-with-real-estate-CDOs-prior-to-the-2008-meltdown.

Those finance types, they have to keep with their creativity. Some of these are PhD physicists who ought to know better.

Remarks: Modified: 11/29/2017

11/29/2017 --

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