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Strategies & Market Trends : The Millennium Crash
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To: LLCF who wrote (5388)6/13/2000 3:17:00 PM
From: pater tenebrarum  Read Replies (1) of 5676
 
well, he needs to get a dose of Austrian theory...i know what he is saying, but that doesn't change the fact that the capital spending boom is tied to a credit boom.
like you say, in a recession that helps jack-sh*t, as the value of assets depreciates while the debt incurred does not.
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