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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (17422)8/16/2002 1:59:11 PM
From: aktony  Read Replies (1) | Respond to of 36161
 
Jim Sinclair on Bank Creditworthiness Downgrade and unraveling of derivatives. As posted today on LeMetropole Cafe. He says, "WATCH THE ONE YEAR LEASE RATE (to increase) to signal the demise of the investment bank parents...of the "Mother of All Shorts...."

lemetropolecafe.com



To: Jim Willie CB who wrote (17422)8/17/2002 2:59:03 AM
From: rails99  Read Replies (2) | Respond to of 36161
 
Hi Jim: I wait to see just who are the counterparty holders on the European flood insurance contracts. Always get that example of the pyramid of "easy" money to be made in flood insurance market; and what can happen in a worsening risk situation (LeMetropole?). Add that to the derivative melt-down pot and stir slowly. JMHO.

Best Wishes;
Rails