Breakingviews | Macquarie

Considered view

20 May 2008 21:08

Boomerang

By Lauren Silva Laughlin

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The Australian investment bank said achieving record earnings may be a challenge. That’s as close to a warning as Macquarie gets. It's good to see the bank lower its sights a bit. But given its reliance on leverage and economic growth, investors should be ready for worse to come.

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