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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Jeff Jordan who wrote (254183)8/5/2003 5:40:21 PM
From: Secret_Agent_Man  Read Replies (2) of 436258
 
"I believe that world stock markets are about to feel
more repercussions of the recent US Long Bond selloff.
The selloff could be led by the realisation that many
U.S. lending institutions that are heavily invested in
US Treasury Bonds are grappling to balance the books as
the prospect of debt default and higher cost of borrowing combine to put pressure on credit and property prices.
Just have a look at what has happened to the share prices
and trends of Freddie Mac, Fannie Mae and even J.P.
Morgan in the last few weeks."

victor hugo
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