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Strategies & Market Trends : Ride the Tiger with CD

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To: GoldBull no bug here who wrote (99064)	11/18/2007 7:38:26 AM
From: tyc:>	Read Replies (1) of 312983

>>the trillions and trillions of dollars of debt bears down on us Do you ever consider the equity supporting the debt ? It is the equity that we invest in, not the debt. One anecdote: The headline screams,"Barclay's write down 2.7 billion on mortgage woes". Later in small print the article revealed that . After writedowns pretax profit was ahead of last year at 1.9 billion pounds (sterling). . It continued to have exposure, but it had sought to limit future write downs by valuing at zero all its residential mortgage banking securities, CDO collateral, and 2nd lien mortgage collateral. I'm not smart enough to assess this, but it sure doesn't spell doom to me. Despite the debt, or perhaps because of it, as a society we are all richer (in equity) than ever we have been.

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