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john s. gordon is a
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1. yes banks have stopped lending (hoarding cash). we went through this in 1989. this created a loan-brokerage industry (disintermediating the banks) for a while.
Sep 13 08:47 am
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All Comments by john s. gordon »No Conspiracy Behind Tumbling Commodities [View article]
2. not a conspiracy, it's just the hedgie funds (leveraged @ 200/1) bailing out of their underwater positions.
> jack