My comment: Adding to that $1.3 trillion, there's also an over $600 trillion -- yes, a whopping $600 trillion -- credit derivative time bomb that could implode at any time.
My comment: I agree with Paulson that the 2nd half of the year will be worse. This is in contrast with the general view projected by the media and mainstream economists, who believe we will see a rebound in the 2nd half. That's a wishful thinking in my view.
My comment: Securities firms are claiming an early end so that they can unload their heavy bags of craps to the herds.
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1 comments:
My comment: Securities firms are claiming an early end so that they can unload their heavy bags of craps to the herds.
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Couldn't agree with you more. Talk about catching falling knives, am just waiting so see their excuse when the markets tank.
More info on John Paulson, not to be confused with (clueless)Hank :-
Fund manager's subprime bets pay off
http://us.ft.com/ftgateway/superpage.ft?news_id=fto041620080037219052
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