Belmont Club

By Richard Fernandez

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Making it through

March 14, 2009 - 6:23 pm - by Richard Fernandez
Doug
2009-03-14 23:00:33

Dave,
Right, that 40 to 1 leverage works both ways, doesn’t it.
I wonder about L 3′s 1.2 real estate ratio at the high end of the normal range in these far from normal times.
Also record housing stock, including a generous slice of McMansions.