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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: kirby49 who wrote (15313)9/5/2002 11:47:45 AM
From: Ahda  Read Replies (1) of 81664
 
I particularly like Elder's views on the psychology of the markets as well as his views on risk management.

I have not read Elders book but i do know we are a nation that has a financial system that is our largest business. We are in the business of selling too much debt and our profit seems to be tied increasingly to the sale of this debt.

Too me there is a huge risk equivalent to that of the telecoms. Companies who sell debt are competing for debt.
When debt could possibly be the largest profit maker in our nation there is one huge risk no longer just a housing bubble.
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