SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Millennium Crash
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pater tenebrarum who wrote (5316)6/12/2000 5:06:00 AM
From: Arik T.G.  Read Replies (2) of 5676
 
Heinz,
>>the most pertinent fact to emerge from this recent global tightening cycle is that the pyramid of leverage upon leverage has grown so large that it is barely able to function as soon as liquidity falters a bit. it's like a junkie who's been denied his heroin. credit spreads blowing out everywhere, and as soon as a window of opportunity presents itself, corporations rush to place deals, so they can leverage their balance sheets even more and buy back their incredibly bloated stocks.

Corporate America is as unprepared for a recession as it could ever be. That's one reason why nothing and no one could stop the snowball when it starts rolling. And the critical mass needed is getting smaller all the time.

ATG
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News