Yes, but Charlie is missing something. In trying to sound all clever about FMG's debt he has forgotton that AGO, GBG and a host of others have followed the same chart.... and have no debt issue.
Charlie is wrong about that; the hedge funds smell blood and they are shorting simply on China negatives and the real possibility that Europe will stuff this up on Sunday.
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- so far, so good.
so far, so good., page-17
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