Early this morning, American Airlines parent AMR Corp. (AMR) filed for Chapter 11 bankruptcy protection, listing total assets of $24.7 billion and debts of $29.5 billion.
Readers of my research service, Strategic Short Report, know that we’ve held a short position on AMR since mid-March. But that’s only part of the story here…
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Print…Ready…Aim
All central banks are desperate to stop stress from building in the global banking system. Despite what they say, job No. 1 of every central bank is to do whatever it takes to prevent a disorderly collapse of banks caused by “bank runs.” These central bankers are crazy, and nothing will stop them from supporting the status quo.
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