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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: sciAticA errAticA who wrote (31082)4/22/2005 4:42:27 PM
From: CalculatedRisk  Respond to of 110194
 
That quote is incorrect. I left Ben a note, but those final two sentences are not connected in the speech.

Kohn did not say: "Given the widespread press coverage of this issue, from my expectation that people should now be aware of the risks in the real estate market. Complacency would be ill-advised."

When Kohn said "Complacency would be ill-advised," he was talking about the global imbalances, not Real Estate.

Still a very important speech for RE.


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