http://www.reuters.com/article/us-eurozone-future-idUSKBN18Q23I One idea in the paper that did not involve any mutualization of debt was for a private bank to buy a portfolio of euro zone government bonds and issue its own bond backed by that portfolio. Such a Sovereign Bond Backed Security (SBBS) could have senior and junior tranches and provide a higher level …
Update – 12.12.2016 I suppose this is a good example of being wrong on timing. DB will probably just be around until it isn’t, but in the meantime I’ll just try to generate a little cash as it bounces around from one range to another. Bought a put and a call about two months ago on …
I’m feeling rather enlightened so here we go. A lot of people today lament businesses or corporate culture and view managers as ruthless, only caring about profit and numbers etc. This view can (sometimes) be justified in my opinion, at least in certain countries. While profit obviously does matter, it seems that most larger corporations …