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December 9th, 2011 at 9:04 am
Holy crap, they have removed the private sector provision for haircuts? What a joke – as many have said, and lvmoda reiterated this morning, it is a solvency crisis, not liquidity crisis. I hang my head in shame at the idiocy of these people.
>$500B of maturities come due the first part of next year, and how are they going to pay for it? With austerity in full force, and Congress in deadlock, remember, the E in P/E is going to fall, so companies are either 1) fairly valued now, or 2) sumpin’ is up in tinsel town. Texas Instruments is the first to show its poker face.
PP for today: