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主题:2009年开始的几大猜想 -- 凡影随风

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家园 Do not undersestimate the

monetary multiple. Check Bloomberg to see how big the debt issue pipeline is. The new issue has more than tripled last two months than three months ago. Also deal making has regained some momentum recently. Subscribe the Journal's deal daily and you will see that. My observation is that banks have never stopped chasing for good opportunities and are just WAITING for clearer signals to move forward. Capitalists are not dying but capitalism is.

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