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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Ken98 who wrote (83589)1/18/2000 11:38:00 AM
From: pater tenebrarum  Read Replies (2) of 86076
 
Ken, it doesn't make sense. it's the recipe for crisis as Asia has shown. at the moment there is approximately 10 trillion dollars in US dollar denominated short term debt outstanding that rolls over every six months or so. this is more than the entire cash contribution to the stock bull market since 1982. we haven't seen such a massive amount of short term debt relative to GDP that needs to be refinanced every half year to year since, you guessed it, 1929. it's a complete disaster-in-waiting.
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