Contagion: Chain Reactions and the CoCo Powder Keg
Many Happy Returns
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What's the Signaling Problem With Barclays?
The fine print of credit Swiss's cocoa bond contract says that in an event like this, they could be completely wiped out. There's around $275 billion worth of cocoa bonds issued in the European market. And then we get the signaling problem, which is that if the cocoa bonds sell off for a given bank, or I don't know, let's say bark, please,. What's that telling me?
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