An excellent clip on YouTube for those who can appreciate some humour on the madness of structured debt and the resulting credit crunch currently afoot. See The Long Johns-The Last Laugh-George Parr-Subprime. (Runtime: 08:49 min.)
Its the truth in this humour that makes it so poignant. Enjoy.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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