Jun 10

Despite “The Biggest F##king Bailout Ever” This Analyst Says S&P Will Drop 80%:

“I can’t tell you how long it’s going to take but I’m anticipating an 80% drop or 70% drop, something in that neighborhood. Tobin’s Q got down to 0.54 in 2009…The reason it didn’t go lower is because we had the biggest fucking bailout ever orchestrated in the history of the banking system…”

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