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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (31816)	10/27/2000 6:14:26 PM
From: RocketMan	Read Replies (1) of 436258

now we have a situation where the first natural limits to this unfettered credit growth have been encountered. look at the corporate bond market...the sheer size of the debt mountain has begun to raise doubts about the future ability of the debtors to service/repay their debt, without any stats as of yet indicating an economic slowdown... I agree, and it is interesting that you wrote this yesterday, and this morning we saw the first stats indicating a real economic slowdown. That was ominous regarding the potential debt/credit crunch. Corporate debt restructuring might be the next growth industry. I expected the markets to react negatively to the gdp. Should have known better, this market is not rational.

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