18 March 2008
Today's Edition of "The Slow-Motion Collapse" and Stock And Bond Investment
Posted by James Breen at 3/18/2008 2:54:00 AM
The opinions expressed in Day Trading Solutions are my own and do not necessarily reflect those of posts on stock and bond investment I put here. I often wonder I would simply stop thinking in a place someday if living in a wisdom island. But I was wrong, that is the perfect post I got by now.
Don't wait too long, this might be over before you know it.
Does anyone know how we got into a position where a few large institutions (Standard and Poor's, Moody's) tell us how reliable a given security is? John Quiggin makes the point that after the subprime collapse, those companies have got to go. My (undeveloped) instinct would say that "in the long term," the interest rate should reliably signal the risk of a security; hence the rating agencies would be superfluous. I'm sure there are reasons why that's wrong, and Quiggin may in fact hint at .. click here.
I should also introduce my friends to take a look at of this: Read the rest of this entry ยป
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