Comments on: Greece and the Eurozone: What to Expect When You’re Expecting the Unknowable http://jaredbernsteinblog.com/greece-and-the-eurozone-what-to-expect-when-youre-expecting-the-unknowable/ Facts, Thoughts, and Commentary Wed, 19 Jun 2013 04:19:54 +0000 hourly 1 By: Misaki http://jaredbernsteinblog.com/greece-and-the-eurozone-what-to-expect-when-youre-expecting-the-unknowable/#comment-175104 Misaki Sun, 20 May 2012 23:55:43 +0000 http://jaredbernsteinblog.com/?p=5158#comment-175104 Some firms are likely gambling their future on Greece’s continuing membership in the EU or euro area or whatever.

If they are right, they stand to win at whatever ratio they are leveraged at. If they are wrong, they might go bankrupt but CEOs will still have their bonuses from previous years.

It’s just like a predictions market! Only somewhat less clear on the relationship between a financial instrument and the factors that determine its value.

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