Posted on 12/16/2002 5:11:42 PM PST by rohry
Similarly, while individual investors are advised to buy and hold "for the long term", mutual fund managers don't practice what they preach.
Some recovery. We are currently in a Greenspan soft spot. Bush just axed a couple of his money men to show that he cares about the economy. I think Bush knows we got more problems than just a Greenspan soft spot and that printing more money won't cure it.
It's ok to pick and choose. I agree that Puplava mostly picks out bad news about the economy. My own eyes can see the 2nd and 3rd shifts at the local factories. On the other hand, Kudlow ignores the reality of overpriced stocks left over from the bubble. People like him ignored economic reality when they were on the bubble bandwagon, and are still on that bandwagon to some extent.
Fannie has more debt than the publicly held Treasury debt. They are also thinly capitalized: debt to equity of 40 to 1. If something were to go wrong with their massive off book derivative positions they would simulataneously take out the real estate and bond markets. BTW, the taxpayers are on the hook for all this...they are too big to fail and too big to bail.
I hope so, rohry, I hope so.
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