Woke up in Early 2007?

Today’s Bloomberg headlines includes a classic time-warp headline: “AIG’s ILFC Unit Sells 53 Planes to Macquarie for $2 Billion”

So it is game on – if everyone is not quite back to where they where in risk assumption, then at least it is possible to discern a resumption of normal investment bank activities with the usual suspects doing what we know them for.

Should equity markets advance much further or stay at these levels much longer then the next phase should be more secondaries for takeovers and increasing IPOs. ..which is good for investment banks…