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I really do want to hear some guesses as to just how stupid things will get before this cycle corrects. I think we're just getting started.

Nobody knows when the cycle ends; what's what maaakes it a cycle

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Obviously you don't know when exactly, but these things tend to get real stupid. What are the kinds of things you're hoping to get to see?

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...CDO A inside CDO B, and we call that CDO-squared...

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