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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: andiron who wrote (67833)	8/20/2007 8:48:31 PM
From: mishedlo	Read Replies (2) of 116555

No Bids for Corporate Bonds globaleconomicanalysis.blogspot.com The flight to safety continued today with no bids coming in for corporate bonds & the 1 month treasury yield sinking to an amazing 1.4%. Cash is king. Layoffs were announced at both Countrywide and Capital One.The latter shut down its wholesale mortgage unit. The Fed declared an emergency meeting with Paulson & Dodd. More fireworks are sure to come. Mish

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