As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.
Each week, Kevin and Cory will break down the biggest stories on the Street, and why they matter to you. Cory knows next to nothing about economics. Fortunately, Kevin does.
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