That’s nothing…

John Ross and I were discussing what a “$35 billion funding gap”, as its being report, really meant for Bank of America; JR said, “Heck, that’s like the cost of a McDonald’s cheese burger to our government these days.” Funny, but sadly true. Also, true that McDonalds seems one of the few places real people can afford to dine, despite their government having endless supplies of cash.

But we need not worry little things like “funding gaps” in the midst of all those “green shoots” shoost-up their lovely little heads. Credit markets are loosening. Junk bond distributors are back in the game. China announced this morning they are growing ahead of expectations.