Thanks, Mario, for the additional details on the Black Swan book.
But you didn't tell me if you agree with Taleb's current prediction. That
was my question.
I still say Charles Morris' book, Trillion Dollar Meltdown, is
equally prophetic. If I remember correctly, before I read Morris's book I read
by means of an introduction to it that Morris helped develope the software
used by the Masters of the Universe to create these structured products. But
the
software was eventually misused by the industry. His book predicts the whole
collapse.
BTW, for those who didn't see it last night, 60 Minutes on CBS reported
on the fact that these toxic assets by and large had no direct link to the
mortgage industry anymore than betting on a football game derives any security
from the finances of the 'underlying' team. So my earlier posts on this have
been validated.
Now what?
How's this suggestion for fiscal stimulus:
Why don't the government wizards remove income limits on how much people can
earn in addition to their social security? Yes, Social Security levels are
precarious too, but... Right now, the Late Boomers, as we're called, can't
afford to collect our social security and carry our mortgages because of the
outmoded limit placed on what can be earned on top of it. This would be a less
intrusive way of securing mortgages, avoiding more foreclosures and possibly
even boosting consumer spending.
Maureen
Maureen Nevin
Asbury Radio -"The Radio Voice of Asbury Park" -Silenced by the FCC, but
why??
88.1FM - "6" Years on the Air!! Would've been 7 this July...
Asbury's Own Live Talk Show_mailto:[EMAIL PROTECTED]
(http://groups.yahoo.com/group/AsburyPark/post?postID=rHJIZqKLU40eDTc2KMHNHZwPoANfvykUf-QXIwGa01YupXx_FS
gz9T8CYowEoqrp7AvGNPp3ZyP4oWOTuAg)
601 Bangs Avenue - Forced from here by FCC...
Listen 8 - 10 PM Thursdays on 88.1FM or Ooops, see below...
Listen Live or Later on the Web _http://www.asburyradio.com/_
(http://www.asburyradio.com/)
Call the show 732-775-0821 oops, not since the FCC visited this litte
100watt station - four times!!
Call me 732-774-0779 fax 502-0463 Still can call this number...
Speak up - It's America!!
**************Play online games for FREE at Games.com! All of your favorites,
no registration required and great graphics – check it out!
(http://pr.atwola.com/promoclk/100000075x1211202682x1200689022/aol?redir=
http://www.games.com?ncid=emlcntusgame00000001)
[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/
