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To Buy Or Not!
The whole world is in a recession. People all over the world have been trying to save their last penny for their future spending. Some people have been selling their precious assets so that they can keep ready cash with them for any unknown emergency. Like this, everybody has been doing his/her best to tackle the recession that has been creeping into his/her lives. Governments all over the world have been pumping billions of dollars into their respective economies and asking their citizens to consume more.
The Mess in the US – Part IIIIn the first two parts of this series, we covered the rise of securitized loans and birth of credit default swaps. We left off in the throngs of a raging bull market being driven by a new era of technology companies. With the exception of a few hiccups, Wall Street has prepetuated almost 20 years of wealth creating, bull market returns on the backs of financial leverage, innovation, and good ol’ fashion greed.