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Odds 'n Sods:
Writing in The
Daily Reckoning, Bill Bonner offers this snippet of investing
Gloom and Doom: "Foreclosures
in the yankee state [Massachusetts] are running three times last year’s
level. And losses are working their way up the socioeconomic ladder. Goldman
Sachs’ (NYSE:GS)
Trust 2006-S3 is a sophisticated investment instrument containing 8,274 mortgages.
One out of every six of those mortgages is in default – only
18 months after the thing was put together. When that many people stop paying,
it wipes
out the entire capital value of the derivative. And since speculators usually
take leveraged positions, the losses can go much further."
o o o
To follow up on yesterday's post about the imminent short supply of infrared chemical
light sticks, I heard that Ready
Made Resources does have some left in stock. (They have
just been reclassified and will no longer be produced for the
civilian market in the US, so stock up!)
o o o
Larry W. forwarded this link: Staring
Into Countrywide's Abyss
o o o
I just heard that CGW (one
of our advertisers) is currently offering deep discounts on some Trijicon ACOG tritium-lit
scopes and a few discontinued Microtech Amphibian knife models.
