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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (74700)	1/28/2000 10:38:00 AM
From: Knighty Tin	Read Replies (1) of 132070

To All, I have often preached about debt and leverage and how they are the main factors behind the silly levels of the domestic stock markets. Well, it turns out that margin debt was ONLY up 62% last year, year over year. And when we think of how many maroons are buying stocks with credit card debt, personal loans and second mortgages, the margin debt moon shot is only a small portion of the total indebtedness in pursuit of rank speculation. Then we have the increased corporate debt to buy stock of other companies. Oh, it looks like a rough year for the loan sharks. <g>

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