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end of an era

The End of an Investments Era

 Until last year it was normal for the traders to practice short selling (defined as selling share which you do not own but you will supply in a maximum of a period established by contract, obviously by buying them later). Or to sell the mortgages packed in thousands for a hefty price based on average yields. Or to loan to an Americans family so that they were supposed to pay in installments in one year more than they earned. Or, as was mentioning some time ago, to value higher and higher the shares of the investment banks, which measured their own assets.Read More »The End of an Investments Era