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2012-03-04

In October 1929, Professor Irving Fisher of Yale University, a great guru of the markets, earned immortality with the pronouncement: "stock prices have reached what looks like a permanently high plateau.

Om det vill sig kan nedanstående yttrande från Financial Times 4 March 2012, även det bli odödligt.


Background:


Thus far the ISDA has not judged the deal a “credit event” forcing the triggering of anti-default insurance policies known as credit default swaps.
 

If Greece is forced to use CACs to impose the deal on holdouts, ISDA is likely to change its position,  but 

Mr Dallara said he did not believe such a decision would cause renewed market panic.
 

“I don’t anticipate that would be a destabilising event,” 

Read more here


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