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The collapse in collateral in the system. How derivatives pose systemic risk as high quality collateral is diminishing in the global economy and derivative exposure relative to this collateral has risen, creating counterparts risks. Why and how trust is the basis for the development of high quality collateral and how this and all the other metrics Daniel measures are pointing down. Daniel’s model for an investment portfolio that is both resilient AND efficient. How Daniel focuses on analyzing multi-year trends in asset classes.