Friday, November 03, 2006
All the market cares about is the rate to borrow money
I have to continually remind myself that we are the midst of credit and finance boom unlike anything the world has ever seen. As soon as rates bottom markets move higher. MA, LBO, Mortgages are the things that drive our economy in the new century. Therefore when rates head higher markets shit themselves. Its a ponzi scheme and it will end badly.
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