29.11.2010 - Property derivatives struggle to grow up
From Efinancialnews.com: It is not easy selling property derivatives to institutions nowadays. Not only do the memories of cataclysmic falls in real estate after 2007 remain fresh in many investors’ minds – and indeed still hang around the neck of numerous banks in the US, UK, Spain and Ireland – but for those who take their lessons from Warren Buffett, derivatives will always be weapons of mass destruction. Property derivatives suffer from another problem. They have yet to even grow out of their infancy. The instrument has just celebrated its fifth birthday and, despite receiving much fanfare, it remains a niche field...........................................Full Article: Source
Print