S&P down 49% from peak March 2000 to Oct 2002.
Today CPI report holds steady.
Fed is accepting bad and good collateral in these deals when they swap for treasuries. There are published definitions.
Macklowe could be the leveraged real estate freak in NY. He put up maybe $50MM to borrow $3B. Big trouble for him today. Hedge funds are coming in.
Munis have been offering a risk adj return that exceeds munis. 30 yr AAA muni avg yld of 5.14% earns a Cal resident in top bracket 8.72%.
2011 Flying Heart Cellars Red Wine - $5
13 years ago
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