I don't know why I torture myself with this stuff. I must be a masochist. I find swaps and derivatives difficult to wrap my head around, but I want to understand them. Lavish will explain, in plain English, the new ISDA policy. As he puts it, it is a BFD.
If people are interested I'll link his second article next week.
76 sats \ 0 replies \ @grayruby 27 Mar
James is great. Swaps and derivatives are purposefully opaque. No one even knows how much leverage has been piled on leverage. But don't worry, I am sure all the big brain Wall street PHDs that could actually be doing something useful for humanity have it all hedged out right? right?
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