Friday, Jan 18, 2008
So does one short the Scandies - they lent a TON to the Balties?
FT.com: East Europe warned on subprime fallout
The Swedes, Norwegians, Finns and Icelandics received a sound financial thrashing 17-20 years ago. Long enough for a new generation to forget everything.
The rush to lend to the new economies, also will open up new opportunities to short their currencies.
Perhaps a safer way is to trade on CDS widening, or better still a hedged position looking at the differentials between a large index and individual currencies, sectors.
This is going to be BRUTAL
Posted by lvmreader @ 09:56 PM (202 views) Add Comment
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