"The more violent the storm, the quicker it passes." - Paulo Coelho
- source Bank of America Merrill Lynch
- source Bank of America Merrill LynchAs we posited in our last conversation the US "releveraging" has been fast and furious which is not yet the case in European credit (far less "leverage" and "buybacks").
"I believe that truth has only one face: that of a violent contradiction." - Georges Bataille, French writer