It’s time that you and I had a little talk, my dear reader, about a subject your Mom and Dad never really explained that well. It’s gotten to a point where it is affecting your daily life, and you probably don’t even know why.
They didn’t cover it well in school, either, and if they had it likely would have just been one of those things you make jokes about later in the locker room.
That’s right…it’s time we discussed bond insurance, collateralized debt obligations…and how all of this is hitting you right in the wallet—and some comments about what’s coming next.
In other words, complicated economics, simply explained.