Friday, April 10, 2009
Tyler Durden on Quant Dynamics
Given that I frequently lambast credit default swaps, you might be surprised to see me sing the praises of a CDS trader.
But Tyler Durden of ZeroHedge - whose day job was as a CDS trader - is well worth reading. Durden is sharp as a tack, has access to technical info, and has good industry contacts.
SeekingAlpha and NakedCapitalism have started running Durden's blogs, and now even Nouriel Roubini is linking to Durden's blog entitled "The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans".
I urgently believe that over-the-counter CDS should be cancelled and "naked CDS' should be banned. But I also recommend reading Durden's analysis at ZeroHedge.
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I assume "Tyler Durden" isn't the guy's real name, especially given the sub-title of the blog, eh? Can't say I favor the movie "Fight Club" as an economic inspiration, given that it promotes a literal return to hunter-gatherer ways, imposed on the world via terrorism.
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