Tue, 22 July 2014
We caught up with Peter Grandich today. Peter says there are many signs that speculation has gotten out of hand. Junk bonds and securitized subprime auto loans are out of control. They could be the next bubble to pop. The signs are there. When even a rigged casino starts losing money, it's time to head for the exits, witness Atlantic City, New Jersey. The general economy is not much different.
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