tag:blogger.com,1999:blog-30643134.post8343860760415500188..comments2023-12-26T01:10:26.319-05:00Comments on Accrued Interest: The Empire doesn't seen leverage as any threat...Accrued Interesthttp://www.blogger.com/profile/05096191765979971184noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-30643134.post-85622271425714184922008-11-03T13:06:00.000-05:002008-11-03T13:06:00.000-05:00Good post.Good post.Lockstephttps://www.blogger.com/profile/18341236022895829445noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-83866653898470555502008-10-21T08:33:00.000-05:002008-10-21T08:33:00.000-05:00Great Post and I totally agree. As I wrote recentl...Great Post and I totally agree. As <A HREF="http://www.savingtoinvest.com/2008/09/leverage-101-real-cause-of-financial.html" REL="nofollow">I wrote recently as well, Leverage </A> and the lack of appreciation of it, was the root cause of the financial crisis. Leverage is a double-edged sword that is a powerful ally during boom times, but can quickly become your worst enemy during the ensuing bust. We learnt this lesson the hard way.Andyhttps://www.blogger.com/profile/14309605333128481208noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-68977738478629925812008-10-20T14:29:00.000-05:002008-10-20T14:29:00.000-05:00Well said. In addition to not being there to remo...Well said. In addition to not being there to remove these arbtirage opportunites, hedge funds and other (formerly) leveraged fast money investors are currently contributing to the dislocation as they are forced out of relative value trades they put on when the dislocation began. As Howard Marks of Oaktree said, 'being too far ahead of your time is indistinguishable from being wrong.' From what I'm hearing, there is still more forced deleveraging to come; prime brokerage credit officers are very busy these days...PNL4LYFEhttps://www.blogger.com/profile/10009165302340487456noreply@blogger.com