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


To: russwinter who wrote (31382)4/29/2005 8:24:48 AM
From: loantech  Read Replies (2) | Respond to of 110194
 
Hello Russ,
It seems as though there is a tremendous amount of negativity on the threads along with a lot of calls for golds demise along with many juniors getting shredded on good news. Reminds me of the good news days on MFL and WTC when we accumulated and had some great returns.

Are you seeing a pending rally or what in the small gold explorer and advanced explorer issues?

Thanks,
Tom

PS:Very busy in the mortgage market the past 5-6 weeks. Our offices in Vancouver, Long View, Spokane and Lake Oswego are getting hammered with business.



To: russwinter who wrote (31382)4/29/2005 8:29:09 AM
From: zebra4o1  Respond to of 110194
 
Moody's and S&P:

That is one bizarre article on Moody's and S&P. Goes on and on with vague cultural-relativism type arguments about how GAAP accounting is ethno-centric, and how credit rating is subjective and not an exact science. Meanwhile they never mention the blatant, Arthur-Anderson style conflict of interest these companies have: most of their income is fees collected from the people whose bonds they rate.



To: russwinter who wrote (31382)4/29/2005 12:32:00 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
An OK article, but the author doesn't go far enough and delve into specific examples, e.g. why on earth would either of them rate GM's debt as anything but junk. He's right in that it's all a confidence game (and one that is unwinding in slow motion).