Menu Close

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

Join the conversation and have a little fun at If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow by Email