Delveraging at the Worst Possible Time

November 30th, 2009 by Mebane Faber

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Nice article on Bridgewater panicking moving into safe mode.

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EricC says:

December 5, 2009 at 2:36 am

Hindsight often makes prudent people look like fools. But if you don't delever a leveraged program in 2008 you are guaranteed to do the Enron shuffle eventually.
EricC says:

December 5, 2009 at 8:36 am

Hindsight often makes prudent people look like fools. But if you don't delever a leveraged program in 2008 you are guaranteed to do the Enron shuffle eventually.

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