So If It Isn’t a Hedge and You Can’t Gamble with It…

In commenting on the report, Otis Casey, his counterpart in the U.S., emphasizes that the lack of liquidity will mean that fewer people will be willing to use the hedge. Its value as a hedge is being diminished as the solution to the Greek debt problem involves a workaround to avoid triggering its CDS with the negative headlines that will result.

This is only an excerpt of So If It Isn’t a Hedge and You Can’t Gamble with It…

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