“The severity of the subprime debacle may be only a prologue to the main act, a tragedy on the grand stage in the corporate credit markets,”
Ted Seides, the director of investments at Protégé Partners, a hedge fund of funds, wrote in Economics & Portfolio Strategy.
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1 comments:
Anonymous said...
Oh yes. Doom, despair and agony for some perhaps. I predict that the government will put this "main act" off as long as possible, preferably after the 2008 election. However, if this "main act" were to "happen" before the election, rest assure that it would great political fodder. Fodder that most politicians don't care to deal with in an election year. What happens has a lot to do with the Fed and its relationship with the current administration.