The credit cycle.

We are cleeeeearly near the top of a credit cycle.

The leveraged buyout of EMC is the all time number one. The cluster of biggest-ever deals are all nowish or else…2000.

Screenshot 2015-10-12 16.24.36

More on the deal though it’s kind of a who-cares thing about mysterious products bought by CTOs…networking, storage, blades, farms, whatever.