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  • Dollar Falls as Stock Rally Tempts the Carry Trade  [View article]
    World CDS market: $62 TRILLION.

    Lets say only 20% located in US; assume a markdown of 80%. Hmmm, on this alone, we are talking in terms of $2.4 Trillion. Personally, I think more than 20% lies within but, whattahey.

    3 Month LIBOR rose all week including Friday. Some things called Option ARMS are due to be reset next year. LIBOR plus, hmmm.

    Hard assets, and equities based on Hard asset currency countries. Currencies which will retain value.

    Bye, Bye Miss American Pie, drove my chevy to the levy but the levy was dry....

    Want to save the Economy? Have the FASB rescind the Mark to Market rules.
    Sep 20 08:27 am |Rating: 0 0
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