What are “New Finance”, “Credit Swaps”, “Securitization”, “SIVs”, and all the other financial alchemies brought into existence by Wall Street since the mid 90s? Here is a history and commentary. Ignorance of these new financial engines of “prosperity” will cost you plenty in the next few years. Be forewarned.
http://www.financialsense.com/editorials/engdahl/2008/0208.html
Keep your eyes and mind open.
Mike Childress
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