More Debt liquidation
Bob Morris @ Feb 10th 2008 07:41 - Category: Credit crisis
Naked Capitalism blogs about “the dumping of leveraged loans at distressed prices” as reported by the Financial Times, a story not yet picked up here in the States.
The credit markets expect another leg down of economic activity, while the stock market is not (yet) of that view.
That precise pattern happened a few months ago too. Then the stock market dropped.
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