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November 25, 2007
Sneak Peek at Weekend Reading
Here is a sneak peek at some links from my weekly Weekend reading column over at TheStreet.com:
- No-one can stop American consumers during their appointed holiday rounds (Slate)
- Freddie Mac to raise $5-billion in preferred stock sale (Reuters)
- My P.F. Chang trade now looks pretty darn good (iGreed)
- Entertainment magazines raise newsstand prices by 50% (AdAge)
- Bank failures in theory and history: The Great Depression and other contagious events (NBER)
- The Dow's 14,164.5 high should be marked with an asterisk (NY Post)
- The looming credit card crisis (Risk)
- Was Merrill Lynch skittish about making a full subprime accounting? (CNBC)
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Asterisk? Where's the asterisk at NASDAQ 5000? Hindsight is always 20/20. Snappy Whalen embarrasses himself; how many quarters were blownout by cdo and similar securitization? But he wants to focus on October, why? Stracke is amusing as well, it was a "phantom" high because investors had unrealistically low expectations of risk? Wow, that never happens. Where did the Post find these guys, Page 6?