A fraternity brother of mine writes a blog that puts the deep in "deep thinking" in the arena of finance and economics.
A post from yesterday points to specific challenges as an estimated $400 billion of credit default swaps are "cleared" through the financial systems.
Ominously, he uses the infamous Tacoma Narrows Bridge collapse in November 1940 as an example of the potentially devastating consequences of harmonics in a "tightly coupled system", i.e., the world market for credit default swaps.
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