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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Haim R. Branisteanu who wrote (44622)	4/1/2000 8:57:00 AM
From: Casaubon	Read Replies (1) of 99985

a highly leveraged scenario is different from a ponzi scheme. The ponzi scheme necessarily falls apart when no new tier can be added. The leveraged scenario only falls apart should the economy slow too much to allow debt repayment. Obviously debt incurs risk but, does not necessitate default.

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