Great Depression Is Closest Parallel to Pandemic, Warns Odey
The iconic Hedge Fund manager Crispin Odey has voiced concerns that the 2008-2009 economic crisis is not a suitable comparison to the current turbulence expected to hit the economy in the next few months. He has joined a number of concerned and highly influential voices that believe parallels with the Great Depression and the Second World War are more appropriate in light of the huge economic dissemination expected to unravel. Numerous government programs and multi-trillion stimulus will dull some of the economic pain, but will not be able to make up for all the lost output. As this blog has reiterated on numerous occasions certainty in debt repayment needs to be enhanced in light of those grim predictions. Deriveum is the perfect tool to be used for CDS backed deals.
Please check the Bloomberg article by clicking below
