- Butsharpmovementsincurrencymarketsinparticularrecentlyshouldpointuptheneedforhedgingcontracts.EversincethecollapseofLehmanBrotherslastyear,firmshavebeenworryingaboutwhethertheywilleverbeabletocollectonthehedgingcontractstheyhaveboughtiftheirbankcolla...
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- Andtheycantakedirectionalbetsbynothedgingallofthemarketmakingtradestheydoforclients.Theyarehedgingtheirbets-theyareseeingwhichsideisgoingtowin-purelydrivenfromasenseofdesperation.Facedwiththisdichotomy,investorswhobuybothTreasurybondsandgoldarenotdis...
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