Paulson goes short on German Bunds

they say, Major Hedgefonder is shorting Germans hoping for an escalation of the euro crisis. I like the idea of ​​shorting them, as the market underestimates their financial risks and overestimates their economic miracle. but the reasoning is somewhat surprising. not that, so that the bunds cannot start selling in the near future amid the escalation of the euro crisis. just for the transition of the bunds to the category of risky assets, either something terrible is needed (and then there are more interesting trades), either the bunds will be sold due to, vice versa, increased risk appetite. generally not quite clear, но весьма сильный кол. посильнее, than SPX on 800 or on 1800. I think, that this is a performance of last year that mows the psyche.