Singapore’s largest law firm, Rajah and Tann, are out with a report, suggesting that bankruptcies are going to spread, en masse, and that creditors should expect to receive just 33 cents on the dollar.
Doom is around the bend. Is your neck long enough to take a peek?
There isn’t any hope for a beneficial outcome. All has already been lost to the dark, obsidian, sea of debt-waste. All that is to be done now is to prepare and wait.
If you enjoy the content at iBankCoin, please follow us on Twitter
Higher tomorrow. All these new stories are old news. It’s like they use mad libs to make headlines.
Kuroda messes up dreams of a Higher Tomorrow imho.
I call such Asian lawyers “optimists”.
Who knew there were laws and such in Asia?
+1
Yawn!
which one of them has the penis?
EOM mark up in play… maybe a day or two of sideways but then broader market indecie go flat for the year…..
XLI almost flat for the year … 200 dma is just above it
XLU 3.00 away from all time highs…..
XLB 1.25 to get back to flat on the year
XME up 7% YTD
XLP up 2.5% YTD
IYT up 1.1% YTD
letst see who else gets back to flat/slightly positive YTD….
Raj and Tann.
Like , back and wack.
Regards
Chuck Bennett
Well, Kuroda is saying Cocaine may not be working so well (duh)….Us Bears are back and Fly should be heading back to the Ark Soon. G20 isn’t giving anything, ECB has hands tied with UK wanting to leave, China Meeting in first week of March will give some stimulus..but tax cuts, big Money…Futures aren’t down that much. But it should get ugly pretty soon.
how long is pretty soon?