Think of the over leveraged corporations that have shrinking economic performance while rolling over debt. Food and Energy are the only sectors rolling in cash. Oil is a mfg situation and can change on a dime.
$JPMorgan Chase(JPM)$ Jamie Diamond was the only elite chosen leader who was honest with us. $Citigroup(C)$ Citi vaguely spoke to a slow down in Europe. This situation was created by incompetence. It will require drastic impacts for change. Banks will suffer due to my reasoning above. The rubber band of price elasticity is tightening and will unwind in a violent way. The hang over will be tough.
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