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Daily Archives: June 11, 2007
Global risk synchronized
Today John Hussman of Hussman Funds reiterates the tight correlation of world financial markets in our very global econony: See Fragile Conditions: A final observation – given the extremely elevated and overbought condition of global stock markets, not just here in … Continue reading
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Banks Sell 'Toxic Waste' CDOs to Calpers, Texas Teachers Fund."
Bear Stearns Cos., the fifth-largest U.S. securities firm, is hawking the riskiest portions of collateralized debt obligations to public pension funds. See Banks Sell Toxic Waste: “Worldwide sales of CDOs — which are packages of securities backed by bonds, mortgages … Continue reading
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