«-- Letter Re: Home Invasion Robbery Countermeasures--Your Mindset and Architecture | Main
Jim's Quote of the Day:
"While 2008 will probably be best known as the year that global stock markets
had their values cut in half, it was really much, much more. It was a year
in which every major asset class - stocks, real estate, commodities, even
high-yield bonds - suffered significant double-digit percentage losses, resulting
in the destruction of over $30 trillion of paper wealth. To blame this on
subprime mortgages alone would be to dismiss an era of leveraging that encompassed
derivative structures of all types, embodying a belief that economic growth
was always and everywhere a certainty and that asset prices never go down." -
Bill
Gross
