The Next Big Trade - Jeff Snider on the “Grotesquely Upside Down” Eurodollar Futures Curve
Real Vision: Finance & Investing
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What's Going to Break?
Jeff Yang: We have the leveraging that's forced upon the system at almost any price. He says once they become i liquid, then they become non negotiable. And in a low quidity environment, you're not just talking about people who don't want to sell,. But they kind of have to sell.Yang: There's that contagion, a contagion risk that goes beyond leveridge loans or emerging market debt and spills over into other places.
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