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Floors, Ceilings, Camels, Straw

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 conversations so let’s tune in.Things are seldom what they seem. Skim […]

Read entire article by Michael Shedlock

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