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The new Odd Lots is out, and it's really fascinating. @tracyalloway and I talked to @HmalikH about the Russian revolution through the lends of the sovereign bond market bloomberg.com/news/articles/…
@tracyalloway @HmalikH I learned a ton of stuff, including the fact that prior to the revolution, Russian sovereign bonds were seen as a safe-haven asset, and were a bread-and-butter component of retail investor portfolios across Europe in the early 1900s.
Also, by some estimates, the size of the Russian default was $1 trillion in today's dollars (though that seems to be ambiguous, as it might have been as small as $300 billion, which is still gigantic).
Also, we have two stellar guests coming up for the next two episodes, so please subscribe to Odd Lots on whatever platform you'd like.
