Market Crises & Events
The LTCM Collapse of 1998: When Genius Failed
A balance-sheet leverage ratio of 30:1 means that a 3.3% adverse move on notional wipes out the equity base. That is the arithmetic, before…
1 article tagged “russian default”.
Market Crises & Events
A balance-sheet leverage ratio of 30:1 means that a 3.3% adverse move on notional wipes out the equity base. That is the arithmetic, before…