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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TobagoJack who wrote (99644)	11/12/2008 9:18:12 PM
From: Hawkmoon	Read Replies (1) of 110194

And TJ.. I put a lot more credibility in John Mauldin's analysis than I would in yours. And he's directly pointing to emerging market debt as a TREMENDOUS issue for European banks (well over $3 Trillion compared to $500 Billion by US banks): investorsinsight.com Spain, alone, as $1 Trillion in exposure to Latin American debt, whereas Italy has its butt hanging out with its loan to Eastern Europe. The blowup in Iceland is threatening to cost Europe $75 Billion all by itself. Yeah.. it's truly bad in the US financial system, but when compared to case of financial "pneumonia" in Europe, what's happening on Wall Street is barely a cold. Do you think none of this will impact China, or the rest of the emerging markets? Yeah.. sure you do.. Just like you believe Chinese astronauts actually walked in space. Hawk

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