Tuesday, May 12, 2009

PIMCO SEES SLOW GROWTH AS NEW NORMAL...

THE ONLY PROBLEM IS THAT THE MASSIVE OLD DEBTS ON THE BOOKS....ARE STILL ASSUMING THE "OLD NORMAL" ECONOMY...

SO, I HAVE A HUNCH THERE IS ANOTHER WAVE OF DEBT DEFAULTS IN THE WINGS... JUST WAITING TO FLEECE THE SUCKERS WHO ARE BUYING THIS SICK BUT HAPPY MARKET...