| http://www.w3.org/ns/prov#value | - act numbers are), you would not say that companies can issue equity any cheaper? in the same way, it is the wrong argument for credit derivatives.and as for the market value of CDS contracts...how can it be anything other than zero net-net? each trade is a contract between 2 counterparties (c/p), and so one c/p will be down the same amount that the other is up.the growth in CDS is the most over-hyp
|
