most of europe and america is on holiday till the beginning of september
then many funds, including the hedgies, will report
imo, that will clear the air somewhat, tho' i don't trust them to tell the truth unless forced to.
people keep comparing now to 1998. the level of debt then is dwarfed by what we see today. the smorgasbord of "structured instruments" and derivatives of them only adds to the fog.
who owes what to whom??? who will be left holding the bag? this isn't over, not by a long shot. interest rate cuts won't resurrect trillions of dollars. there HAS to be an accounting before we can move forward.
if you believe charlie aitken buy up big on monday morning.
the bottom...a view from aitken, page-8
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