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Predictably wrong: Forecasts and real estate investment

Volodya Gusak Residential Strategy National Mar. 11 2021
In early 2008, the five-year default rate for AAA-rated collateralized debt obligations (CDO) was 0.12 per cent. The Standard & Poor (S&P) rating meant the predicted default occurred only 0.12 per cent of the time, but in late 2008 the

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 P.O. Box 1484, Stn. B
Ottawa, Ontario,
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