Mustafa Chowdhury on Mortgage Risks, Fed Shocks and Derivatives
Macro Hive Conversations With Bilal Hafeez
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What's the Hidden Leverage Today?
LTCM: Most of the time, there is some hidden leverage somewhere that no one knew about and that basically freaks that leverage. What would you say they are? Well, we know what's not the very leverage. It's a household. Household seems to be in pretty good shape, which makes me feel a little better that crash may not be as big,. LTCM: The obvious culprit is emerging markets, of course, we already are seeing that it started in terms of the funding issues, et cetera, going on in Emerging Markets.
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