Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz
Thursday, March 06, 2008
They knew it was coming
Karl Denninger looks at the cash-rich balance sheets of non-financial companies, many of which could now pay off all their bank debts from the kitty. Whatever they may have been telling you, it looks as though they've been voting with their wallets.