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Credit markets in poor state, says Legg Mason chief - worst state he has seen in his 47 years in the business

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 2 years 104 days ago (ft.com). Views: 114
Tags: housing bubble

Related Tags: credit crisis gold wall street peter schiff economics inflation banks

Chip Mason, chief executive and founder of Legg Mason, one of the world's largest money managers, said yesterday that the credit markets are in the worst state he has seen in his 47 years in the business.

"It is a very unusual situation. I have not seen anything like this, where nothing is traded," said Mr Mason. Legg has more than $1,000bn in assets under management, including several large money market funds.

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Housing Bubble and Bear Links (1,486 Links)

Created by ian 2 years 343 days ago in Finance. Views: 12,616. Link Views: 417,519
Tags: housing bubble investing real estate subprime mortgage finance economics
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This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]

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