The invisible hand is laying her cards on the table:
1. equity offerings galore
Ford 300 million offering
All the banks floating new equity...COF trading under offering
I believe the offerings that are not getting the attention are the REIT secondaries
Hmmm...are the reits and the banks taking in sucker money before coming collapse in CRE?
2. Soc Security announced today it is 8 yrs early on its deficit projections. Surplus down 95%
3. Government printing faster and faster
4. Tax tax tax
Tuesday, May 12, 2009
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