To: Jimmy Valentine
The author’s contention seems a bit far fetched. He links loans, debt securities and hedge funds and then assumes any sudden change would result in a “domino effect” resulting in the collapse of the whole European credit market.
The more likely scenario is that investors who happily plunged their money on the promise of 20% returns will get a rude awakening that “past performance is no indicator of future performance”.
posted on 06/09/2007 4:42:42 AM PDT
You are propounding two of my favorite axioms;
"There is no free lunch", and "If something is too good to be true, it invariably is."
posted on 06/09/2007 1:51:18 PM PDT
by Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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