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Friday, 6 August 2010

What's REALLY going on?............from Rico

Hum Marvin Gaye's old hit song from the 1960's "What's Going On?" with me now.

Then...as now...the truth and the facts are up for grabs.

While CNBC, Bloomberg, WaPo, The Dallas Fed, et al are ALL singing the Greek Chorus:
"U.S. Companies have emerged from the financial crisis in tip-top financial health, have paid-down debt, rebuilt balance sheets, and are sitting on piles of cash."
IT'S ALL CRAP!!!
The facts are they have increased their debt, not paid it down, and are MORE leveraged than at any time since the Great Depression.
$7.2 trillion leveraged.

If you knew what was REALLY "going on" you'd be too upset to watch "Prancing With the Stars" or "America's Got Talent."

Just take another Prozac dearie. Never mind. This won't hurt much!

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