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It's worth remembering David Einhorn's classic chart explaining the bailout cycle. We're firmly...

  • Monday, June 11, 2012, 7:25 AM ET
    It's worth remembering David Einhorn's classic chart explaining the bailout cycle. We're firmly in the "Announced solution (champagne party)" phase today. One suspects, however, the time between that and the next phase ("Solution has no substance/won't work") is getting shorter and shorter. "It's just more debt," as Jeff Gundlach likes to say. (h/t Josh Brown)
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This news story has 4 comments:

  •  
    It always takes bigger and bigger "hits" done closer and closer together to keep a drug addict on the same level of high. Well, until pumping all that poison into his system does something permanently unpleasant to the addict, that is.
    11 Jun 2012, 07:31 AM Reply Like
  •  
    The continuing avalanche of debt is great for bond and precious metals investors.

    There will be no slack in demand for these two classes anytime soon.
    11 Jun 2012, 07:36 AM Reply Like
  •  
    And even if Angela Merkle and the Germans go "all in" on saving the Eurozone, it might not be enough.

    http://wapo.st/Kg1GQb
    11 Jun 2012, 07:42 AM Reply Like
  •  
    wow! did Einhorn come up with that chart on his own....?

    First time I saw this "classic" chart.

    brilliance ? who listens to this guy ?
    11 Jun 2012, 08:40 AM Reply Like
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