Floors, Ceilings, Camels, Straw
Dec 4th, 2006 | By Michael Shedlock | Category: Macro Economics
There was a very interesting article in the Pimco Investment Outlook for December 2006 by Bill Gross entitled "Reality Check." Gross talks about a new derivative credit product retailed to institutional buyers under the sticker known as a CPDO or "constant proportion debt obligation." It is a very interesting conversation, ...read more
