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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (3818)12/24/2003 4:49:03 AM
From: Haim R. Branisteanu  Read Replies (3) of 110194
 
Interestingly that no one on this tread is mentioning Parmalat and the $11+ billion and possible much more that evaporated in thin air.

Parmalat is unable to document about 9 billion euros of funds in its accounts, people familiar with the probe of Parmalat's finances said.

nytimes.com

quote.bloomberg.com

quote.bloomberg.com
add to that the troubles at the German and French banks and we are on familiar ground of the old USA.

Fiat money is making people happy but it is after all fiat money
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