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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: prosperous who wrote (22082)8/5/2002 8:38:29 AM
From: Joe Copia  Read Replies (1) of 74559
 
There is one factor Mr. Graham's model could not foresee:

The precarious nature of derivative financing. If this "house of cards" falls, 1927-1933 could look like the roaring 20's.

Some intense reading:

Message 17677454
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