Monday, July 23, 2007

A Nice Primer on Pessimism

This opinion piece on Bloomberg gives a nice overview of the situation in the credit markets and the various moving pieces I have been discussing with many of you over the last six months:

AAA Grades on Subprime CDOs May Give Cold Comfort: Mark Gilbert

It is hard to be gloomy when NVT pops like it did this morning

Happy Monday.

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