CDS

Every news piece that touches even remotely on economy should start and end with a mentioning of CDS (credit default swaps for the lucky few who lived far away from “civilization” lately). Oh, and it should also be mentioned in the middle of the article as well.

Just a few tens of trillion dollars floating around, no biggie…

The sellers of CDS enjoyed what they thought it was easy money. The buyers, well, I don’t know what they do, what they hope for. End of the world means maximum profit for them, but the catch is that still it is the end of the world, so what do you do with your insurance proceeds in that situation?