In a message dated 10/21/2008 11:05:53 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes:
Thanks for posting these links, Mario. I'm probably going to get my neck cut, but I've been struggling with this whole notion that the mortgages caused this thing, since it was the investment banks that started falling before the commercial lenders did. You're Welcome, Maureen. Looks like you have lots of company with your struggling: the entire global financial system and their "experts." [EMAIL PROTECTED] writes: Finally,...I'd like to know what you thought of the Paul Solman report with the two academics -- was one of them Mendelbot? The younger one who wrote the book on Black Swans railed against VaR, or Value at Risk. Do you think there's any truth in their gloomy fears of an even more dire domino effect yet to come? Thanks for listening to my rant...Responses? The general consensus from what I've learned over the past few months is that their gloomy fears are based on all the slicing, dicing, and "derivatives" which will make it extremely difficult to cut out all the toxic elements in the system. The Paul Solman segment about "The Black Swan" is not up yet but will be soon here: http://tinyurl.com/2baml Nicholas's Swan book is #1 in a number of categories at Amazon and gets highly favorable reviews from 342 readers: http://tinyurl.com/39toet Less scary, but still pessimistic is Nouriel Roubini. Known as Dr. Doom because of his predictions from a few years back. Seems like he was right all along, and now he's a ubiquitous talking head on TV. More on him and his views from August of this year: http://www.nytimes.com/2008/08/17/magazine/17pessimist-t.html?pagewanted=all And some of his interviews: http://tinyurl.com/6jpe58 (Hoping this comes through Pete's obstacle course rearranging text and paragraphing....) **************New MapQuest Local shows what's happening at your destination. Dining, Movies, Events, News & more. Try it out (http://local.mapquest.com/?ncid=emlcntnew00000002) [Non-text portions of this message have been removed] ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
