I know I'm bothering the list too much with financial matters these days, but this is simply too significant. I read in prudentbear.com's site that Freddie Mac will now price some bonds in euros (the plan is 20 billion per year). You americans are now getting mortgages labelled in foreign currencies! Trouble's ahead, I tell you. While I'm at it, here's another factoid from the same page: "... defaulted corporate American debt rose to $15 billion for the first half of this year, and if the Moody's estimates prove accurate, the current rate of default should ensure that last year's record $23.5 billion is easily broken." _______________________________________________ Crashlist resources: http://website.lineone.net/~resource_base To change your options or unsubscribe go to: http://lists.wwpublish.com/mailman/listinfo/crashlist
