I hope everyone had a great Thanksgiving. Its my extended family’s favorite holiday to get together. My kids and I overwhelmingly concur that the best benefit of the post-thanksgiving festivities are the amazing sandwiches comprised of leftovers: turkey, stuffing, cranberry sauce, horseradish/mayo, mashed carrots, turnips, potatoes on fresh bread.
However, in subprime tranches, investors didn’t know what ended up in their sandwiches [?????] so the lesson is… eat them at your own risk.