We are about to witness a painful summer for Wall Street, nothing different from previous summers ........Leveraged buyouts are responsible for this current scenario.....It is a very dangerous trend that has played its part in causing increasing defaults of companies and non-performing assets of banks going up..............
What will happen in the next six months is not known. Having read of recession & depression in the books....... Now I feel we are living in actual history..........
Nevertheless, we cannot lose hope as I am sure we are not at the end of a tunnel yet........ or is Mayan doomsday prophecy on its way ??
