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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Real Man who wrote (339838)8/5/2007 1:20:43 PM
From: NucTrader  Read Replies (1) of 436258
 
A point recently made by Marc Faber was that when an economy driven by credit starts to have credit contraction, recession or economic downturn inevitably follows within a short lag period (like a quarter). He expects that in the US. Let me ask you specifically what you think of brokerage money market accounts (non FDIC insured). Behind them lies paper from the likes of: Citibank, Morgan Stanley, GS to name a few. When those assets get "priced to market" what's your money market NAV going to do?
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