~Peter Lynch
If only we had listened to the simple wisdom in this week's nugget, just maybe we could have avoided or at least softened the pain of this self-inflicted wound that our economy is feeling today. An economy that grows exponentially as a result of creative financing, derivatives, hedge instruments and securitizations backed by sub prime lending cannot sustain itself for very long. The market will eventually have no choice but to self correct, and that my dear readers is where we are today.
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2 comments:
I think using a brown crayon to draw cow patties will adequately depict the collateralized debt obligations made up of subprime mortgage backed securities.
LOL! Shtinky that was funny!
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