Sunday, September 9, 2007

Remain Calm, All Is Well (Part Seventeen)

The next two weeks will tell the tale in the derivatives markets, and thus, in the financial markets and eventually mass mood as relates to economic progress.

You will be told time and time again, that the economy is strong and that the "fundamentals are sound". You can even choose to believe it. Please then ignore the following:

Banks face 10-day debt timebomb

CDO Losses Can't Be Quantified (!!!)

Central banks face a liquidity trap

And, for old times sake, review this article by Bill Lind on a possible future we face when Iraq veterans finally do start coming home, right in the teeth of a housing and finance collapse...

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