Another Deal Bites the Dust

This is becoming regular fodder for skeptical headline junkies like myself who have been watching the slow but ever-present deterioration of the credit markets as reality sets in:
KKR Cancels $1.4 Billion Loan to Refinance Maxeda LBO

…But what shocks me is that the equity markets remain as bouyant as a Barbie in a bathtub: U.S. Stocks Rise on Manufacturing Expansion

Maybe there is something to the idea that a weak-dollar can drive the equity markets both by hitting bogeys on the headline-front (as mentioned in the article) and in terms of asset “appreciation” in dollar terms as inflation is priced through…

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