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Odds 'n Sods:
Credit Default Swaps
Are Next to Take the Crunch Test. Does this sound familiar?
o o o
A reader sent me an e-mail to chide me for mentioning that hedge fund redemption
suspensions were on the increase. He said: that I was being "an alarmist" because
"those [redemption suspensions] are still rare." Well, I'm going
to go out on a limb
and state
publicly that I believe that they are going to become a lot less
rare in the immediate future. Even large hedge funds are not
immune. For example, just recently one
of CitiGroup's hedge funds announced a withdrawal suspension. There
are a lot of hedge funds with bond, CDO, and CDS exposure!
o o o
Even Boise, Idaho is not immune from the foreclosure flurry: Foreclosures
hit pricey
Eagle homes hard
o o o
Reader Phil T. asked about rolling over his existing Individual retirement
Account (IRA)
into a precious metals IRA that holds US Gold Eagles in bonded storage.
It is quick and easy to do. I recommended Swiss
America for setting up his gold IRA
