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Inflation Is Popping The Biggest Asset Bubble Of All Time | Michael Kao
Forward Guidance
The Row Hedge
As a convert arb, i had to diversify along the curve. Also tried not to be caught in being short treasuries that would basically be the focus of safe haven buying if there was a major sell off. In two thousand and eight, i found a really, really interesting way to kind of, kind of protect myself. This is before the fanny may conservator ship. Fanny may was a super, super levered capital structure. Ight, if memory serves it was like something like, you know, 900 thereasThere were also senior notes trading out something like libor plus 20, 20 paseso enty.
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