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


To: Paul Kern who wrote (89571)12/13/2007 8:49:44 AM
From: Mike Johnston  Read Replies (1) | Respond to of 110194
 
It will be worse here. It is worse going from rich to poor than from poor to very poor.

The magnitude of the shock will be much bigger. We have more to lose.



To: Paul Kern who wrote (89571)12/13/2007 10:33:58 AM
From: Tommaso  Respond to of 110194
 
Actually it is 46%, if compounded monthly.