Last week I published a letter in Financial Times where I claim that Paul J. Davies (one of FTs great financial market-journalists) errs in his discussion on the fantastic size of today's CDS spreads. I think I am right (see for yourself Remember, bonds pay coupons) and that shows just how great this publication is; they don’t shy away from publishing points of view that are at odds with their own journalists' (even though I think this error, if I am right, very much is acknowledged by Paul).
Long live Financial Times!
