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by psd1
5 days ago
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I'm with you inasmuch as the frothiness is, while massaged a bit, sufficiently perceptible for emptors to caveat. My concern is that the subprime mortgages were not perceptible to even savvy fund managers, and the same thing could happen again; and also, even if that insidious risk-poisoning of institutional funds does not occur, them a collapsing bubble still fucks us all into recession. |
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