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Strategies & Market Trends : Portfolio Construction
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To: Keith Feral who wrote (597)8/27/2007 9:34:37 PM
From: Rarebird  Read Replies (2) of 1964
 
The real problem is that entire edifice of US economic growth has been built on the quicksand of bank lending unrestricted by any notion of risk or of any limit to the ability of the lender to service or repay the debt.

The time will eventually come when the borrowers are afraid to borrow and the lenders are afraid to lend.
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