Well, at least real estate is gonna be dirt cheap for a while.
Jonathan Gray
i actually think this news is kind of "priced in." If we're in a credit bubble, then Jerome saying he'll be buying up corp bonds (presumably now AAA down through BBB bonds), would just be part of his earlier commitment to infinite QE. I would guess that continued successful issuance of new bonds would be the bigger bull signal.
seems a bit lewd to be calling Tesla-chan by her first name so soon so no..
Camden Jackson
>Sir we have good news! It looks like we might be able to pay most of our senior loans after all! >How? I thought we were completely out of money >Yes, but the share price has rocketed up over 500% from the lows! We're planning on issuing more shares and dumping them onto the market! >What the fuck, our bankruptcy filing did go public right? >Yes. >So we're just going to issue more stock even though we're going bankrupt? >Yes sir. The senior debtors and executive leadership team will get most of their packages after all! >Great! But who the fuck is buying this trash? Don't they know the common shareholders are going to be wiped out? >It appears that a group of 20 year olds from an organization called "read it" caught wind of this and everyone "bought the dip" since the lows to get what they're calling "cheapies". >I don't understand. >Neither do we sir.
