ajtj99's Market Pulse

[jdaasoc]

Most troubling thing these are all drastic forms of IOU's on existing tranches of debt.

No one is talking about writing new debt that could keep any concept of a US economic expansion going. All I see is contracting economy with inflationary overtones.

PS

GM Chyrsler for example spending all their time trying to find funding options for currently unfinanciable suppliers like Delphi, Plastech & American Axel. Auto plants going to shut down because not for lack of demand but suppliers don't have and capital to buy raw components