Over My Shoulder

Credit spreads

December 1, 2011

This is Chris Wood's Greed and Fear. (Chris is an all-around fun guy to be with. I hope to see him when I am in Asia next month.) The middle part, about European bank spreads (along with country spreads), goes along with my theme for the e-letter tomorrow (as of right now) that the recent coordinated central bank action did not really do anything fundamental, except maybe postpone the credit crisis.

Download - GF111201F.pdf