http://english.caijing.com.cn/2009-09-16/110251471.html Andy Xie
Folks we have PAPERED OVER the Banking problems, nothing much has changed.....they go to discount window for free, buy the bonds at 3.4% and collect the dough....so they can get healthy? but not MUCH incentive to make loans to you or me.
A simple accounting TRICK (end of Mark To Market accounting) has made, so it would seem, all those bad loans, well disaapear or reaapear at 90% of face value.....Houdini sit down or is that Rasputin? Again I will argue to last breathe any Bank profits are a myth and a lie...ONLY the FED is buying that POS paper? NO LIQUID market for them? 9 of 10 home loans now from GOV ENTITIES??? some for little dough down again!???? shesshh
Smart people.....with LESS money...what is left to repoof? what is left to influence? stocks
My friends, from the worst financial crisis in history, from the most overbloated debt in history and as % of GDP......we get the highest % rally from a Recession in thehistory of the stock market? well YES
D
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