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To: GST who wrote (50374)4/14/1999 7:13:00 PM
From: KeepItSimple  Respond to of 164684
 
> IF LTCM had been allowed to go down -- it would have been game over.

What most people don't realize is that LTCM had leveraged assets that were so large, if it were a country it would have had a GDP smaller only than Japan and the US.

(i originally heard that comparison from Jim Cramer on squawk box, and later confirmed it by intensive reading about the disaster)



To: GST who wrote (50374)4/14/1999 7:13:00 PM
From: HG  Read Replies (1) | Respond to of 164684
 
Hey, I didn't know a master of macroeconomics would be reading my post. I was trying to make it simple - it was actually meant for KIS you see <g>

FWIW, I agree with you !

Hope youre oils are working fine. The only oils I know are my paintings <g>