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主题:【文摘】下一阶段货币政策的走向观察 -- wqnsihs

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家园 ya, they could not short gov

bonds, but they could hold CDS contracts.

European politicans already started to accused American hedge funds. Not surprising at all. ^-^ If I could buy CDS contract, I will have done that long time ago.

Almost 300% return in 3 months.

Five years ago, James Grant, a celebrated American bond analyst, told his clients that it would be a good idea to go short on Greek bonds. He suggested the best way to do this was to buy new market instruments called credit default swaps, which offer investors a form of insurance against a bond default.

Some senior European bankers and politicians are convinced that powerful Wall Street hedge funds are targeting Greece, by “shorting” it with CDS instruments; speculation is rife that the recent wild swings in CDS prices have enabled some to reap fat profits.

http://www.ccthere.com/article/2706367

Market is very efficient. Hedge funds are America's unlisted "financial army" or WMD, AGAINST Europe.

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