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Carlos
Aug 10 15:49 pm
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All Comments by Larry MacDonald1 »How To Tell Whether Subprime Will Cause a Crisis [View article]
True, just about everything will be selling off including corporate bonds. But not government bonds: they will be very much in demand as a sanctuary. Hence the widening of the spread between government and corporate bond yields. Anyway, let's see what market events have to say in weeks ahead about our credibility.