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Jim’s Mailbox
Posted: Jul 14 2009     By: Jim Sinclair      Post Edited: July 14, 2009 at 1:28 pm

Filed under: Jim's Mailbox

"It is better to approximately right than precisely wrong."
– Fortune Magazine, 1994

Chairman Jim,

The de-leveraging and default of the Formula is absolutely inexorable, and may well accelerate with the commercials also dropping now. Housing is hopeless. Medium and small banks are toast.

CIGA Ursus Terribilis.


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