This is becoming regular fodder for skeptical headline junkies like myself who have been watching the slow but ever-present deterioration of the credit markets as reality sets in:
KKR Cancels $1.4 Billion Loan to Refinance Maxeda LBO
...But what shocks me is that the equity markets remain as bouyant as a Barbie in a bathtub: U.S. Stocks Rise on Manufacturing Expansion
Maybe there is something to the idea that a weak-dollar can drive the equity markets both by hitting bogeys on the headline-front (as mentioned in the article) and in terms of asset "appreciation" in dollar terms as inflation is priced through...
Monday, July 16, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment