Saturday, November 10, 2007

One of the points of my prior post was that in essence the profits of the recent years were an illusion. The recent growth in profits resulted from the growth in risk undertaken by the banks. A November 6th post in http://bigpicture.typepad.com/comments/2007/11/sp500-ex-risk.html makes the same argument.

1 comment:

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Sorry for offtopic