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Monthly Archives: June 2007
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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Why the Chinese Stock Bubble is dangerous to us in these here parts
Excellent commentary on the significance of the Chineese market comes courtesy of the Prudent Bear and Rob Peebles: This won't hurt a bit. While many commentators today acknowledge that we have a gloabl economy with a remarkable correlation in the performance of global … Continue reading
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Lessons from the National Association of Realtors Data
A fair comment yesterday on The Motley Fool criticizing reports from the National Association of Realtors which have been hopelessly optimistic over the past many months as to the depth and duration of the ongoing housing market decline: “It comes down … Continue reading
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