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I Have Just Come Off A Call With Peter Schiff


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I have just come off a long call with Peter Schiff. I was following up with him on his remark on Financial Sense that he is going short on collateralised sub-prime mortgage debt. Fascinating stuff. The idea is basically to short the lowest ranking tranche in the collateralised sub-prime mortgages. On an unleveraged investment, the risk is limited to losing the opportunity interest, i.e. you just get your capital back if the sub-prime mortgage market does not, as expected, collapse. If it does collapse, you get a return of 80%. The minimum is $100,000. A bit steep for me personally, but if anyone wants to club together, I am open for suggestions.

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