JP Morgan's "cash position"was analyzed by a writer who published on SCRIBD, which showed thatactual cash heldhas deteriorated radically. By more than half in the last year. The deterioration is continuing, not slowing.
Consider how you survive returning to what essentially amounts to a cash economic posture in your business and personal life.
Note that the indications above arefar strongerthan what we saw going into last fall before the wheels came off. As a consequence if these actions are those of people with real knowledge (and this is not a guess on their part) I would expect the outcome to beworsethan what we saw last fall in terms of economic impact.
Those who are short dollars (synthetically or in the actual market) need to beware - if I am reading this correctly you're about to get a really ugly surprise.
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