Miss Piggy deserves the credit. She turned me onto the link and I followed her.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
No harm, no foul. Just want to give her the credit for a good find.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
And if the truth be told, I'm not that skilled. The real credit belongs to good ol'
Good to see him still kicking around.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Take a look at the latest Federal Reserve deficits! http://www.federalreserve.gov/releases/h3/Current/
NPR/Fresh Air explains the derivative markets. Interesting and scary!
http://www.npr.org/templates/story/s...oryId=89338743
Thanks. I listened. That was a good explanation. Still very complicated.
Citigroup Inc. is nearing a deal to sell some $12 billion in troubled debt to private equity firms for an average price of slightly less than 90 cents on the dollar, according to a report published Tuesday....the deal would be "the largest single sale of leveraged loans in recent memory." It comes amid hope that the credit market has bottomed out and is poised for a recovery, the report said.
http://www.marketwatch.com/news/stor...D&siteid=yhoof
We've all seen the analysts stating that these packages of debt are worth mere pennies on the dollar. 90 cents really isn't as bad as the headlines make it seem. I'm not saying it's the end for writedowns, but I don't think the writedowns are going to be as bad as headlines are predicting either.
Mr. Market only cares about where we're going, not where we've been. Somebody is buying at these levels.
Fantastic point Bullitt, there's a big difference between "pennies on the
dollar" and "slighty under .90 cents on the dollar". The Bears and the
Media appear to be walking hand in hand as of late. What we need is a
good old fashion "short squeeze and a 2 week follow up Rally". Now that
would motivate the money sitting on the sidelines, wouldn't it !
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