Category: Contagion

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Grexit: The Costs and Impossibilities

Lots of costs. Some impossibilities - but only really in theory.

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The Subprime Mortgage Crisis

Alright, before I begin, I’d like to make the following observations: Some of the concepts/instruments I am going to mention have been explained more fully in a number of previous posts: Mortgages (see here) Mortgage-Backed Securities (MBS) (see here) Collateralised Debt Obligations (CDO) (see here) Ratings Agencies (see here) The content is based on a […]

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Contagion. And Why Greece is Contagious

Austerity and debt monetisation

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