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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (73381)11/3/1999 12:58:00 PM
From: MythMan  Read Replies (1) | Respond to of 86076
 
Is this something recent that has been lurking? How come this stuff never gets public attention?



To: pater tenebrarum who wrote (73381)11/3/1999 1:27:00 PM
From: PaperChase  Read Replies (1) | Respond to of 86076
 
>>.my guess is they were scared that the rise in rates may lead to some hedge funds and other derivatives players going bust.<<

Greenie wants it both ways. He may want the bubble to cool off but at the same time he doesn't want any big casualties. The massive derivative exposure has already taken take down one of the big players, we just don't know who it is yet. Greenie knows this and he knows the losses and the failure can be hidden, some times for years. The day is coming just like our own eventual death. Until the Grim Reaper comes calling you should party on!