Friday, August 10, 2007

The Inevitable is Imminent! (hopefully)

*Die Walküre – Richard Wagner plays*

So the house of cards (dubious debt) is finally getting ready to crumble as expected. Quants and leveraged financiers can't expect to make all the money all the time :) The show’s not over yet folks! Let’s hope the Fed doesn’t ruin our fun with a bailout :D I want cheap assets!

$ amt of ARM resets—in billions USD:

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