100bps
whoever is selling that will never have to pay. Insurance on armageddon... it's fraud. Mind blowing it's even a statistic.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, February 25, 2009
Cost to insure treasury debt
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