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Monthly Archives: July 2007
Sub-prime spreads out: admission of a problem is the first step
After a few weeks of speculation and hope for magical solutions, Bear Stearns this morning admits that its two failed sub-prime hedge funds have “no value left”. Admitting the truth is the first step towards resolving problems, so this morning's … Continue reading
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Quote of the Day: Mark Twain on Losing Money
On losing money….. “There must be something fearfully disintegrating to the character in the loss of money. People suffer other bereavements and keep up; but when they lose money, straightaway the structure which we call character, and are so proud … Continue reading
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Jim Grant on sub-prime and credit market impacts
For those of you who missed Jim Grant on Market Pulse this past Friday, you can view the full interview on Grantspub.com. Grant is one of the few who understands what is unfolding with sub-prime and the ramifications for the broader … Continue reading
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