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05 Nov
Posted by: Bryan Goh in: Uncategorized
Jeremy Grantham of GMO in a recent letter writes about a number of interesting points:
Bernanke missing the housing bubble and its bursting, the potentially disastrous implications interactions between lower house prices and new financial instruments (MBS, CDOs), and international distribution of the associated risk.
Other Teflon Men: Larry Summers, encouraging deregulation and lighter regulation and not [...]