Words from the (investment) wise for the week that was (October 20 – 26, 2008)

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The past week witnessed mounting evidence that the world economy was facing a sharp downturn, causing unrest to engulf financial markets. Stocks and emerging market currencies and bonds remained under heavy selling pressure as risk-averse investors rushed to liquidate positions, with the US dollar, Japanese yen and developed market bonds providing perceived safe havens. Read all about this in my weekly review, highlighting some thought-provoking news items and quotes from market commentators during the past week. […]






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The only liquid bank …

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The bailout workings …

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Young Chuck moved to Texas and bought a Donkey from a farmer for $100. The farmer agreed to deliver the Donkey the next day. The next day the farmer drove up and said, “Sorry son, but I have some bad news, the donkey died.” Chuck replied, “Well, then just give me my money […]

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Leaper!

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Hat tip: Barry Ritholtz, The Big Picture, October 24, 2008.

 

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