Interesting that Markit's ABX index of the value of BBB-rated subprime has slowed its descent in recent week. Are we near a bottom? Unless you think it's all going to zero, at 20-ish cents on the dollar you have to imagine it's close.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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