Collectors are now collecting museums, not the other way around

One Response to Collectors are now collecting museums, not the other way around

1. George Goognin says:

   September 4, 2019 at 6:08 am

   Hey Felix,

   I’ve just read your article from 2008 about the Synthetic Bonds https://seekingalpha.com/article/108385-understanding-synthetic-bonds

   First of all, I’d like to thank you for this brilliant piece 🙂

   But I’m still wondering: who should be those guys who will buy this IBM credit default protection for 1.5%? It will burn their yields down to the T-bill level. What’s the motivation?

   Cheers!

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