[lbo-talk] jottings on the current conjuncture...

[3.3.3.]

Isnt the AMBAC/MBIA/muni bond insurer aspect of the bubble-burst
significant? I thought that failures here were one of the next "big
indicators" to look at?

A simple yes / no answer would be great Doug, or anyone, in case its too
complicated...

Also interested in why Moody's would threaten the American AAA rating based
on "Social Security and Medicare" concerns the other week? That sounded like
blatant manipulation to me, and I do not know how common it is...

On Jan 22, 2008 12:06 PM, Doug Henwood <dhenwood at panix.com> wrote:


>
> On Jan 22, 2008, at 12:57 PM, Mark Rickling wrote:
>
> > Thanks. Although I can guess what you would say, can you sketch out
> > what these structural factors are?
>
> You know, high debt and falling house prices.
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