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The financial meltdown continues apace:

ABX indices, the only approximate price for asset-backed securities, are reaching new record lows, with the AAA-rated index now down to 67 (ie worth barely two thirds of its initial value - and that for the safest of all safe securities...)



In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Nov 22nd, 2007 at 08:58:15 AM EST

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