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

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To: pater tenebrarum who wrote (59014)1/18/2001 2:32:19 AM
From: Andrew G.  Read Replies (1) of 436258
 
Heinz: I agree 100% with your argument, however.....

I've come to the conclusion that there doesn't seem to be any apparent bottom to this debt issue. If there is anything new about this "New Economy" it is that corporations and consumers can take on much higher debt levels than they ever could before.

There is this amazing process of carrying huge debt loads on balance sheets that are several multiples of net assets without declaring bankruptcy. I don't know where the threshold is before we declare a company or a nation a catastrophe in the making but as long as there is adequate liquidity in the system everyone goes on their merry way.

Tell me, if you can, where is the threshold ?

At what point does the house of cards finally collapse?

I read where ETYS is flying recently on buyout rumors even though it can't pay it's suppliers. Go figure.
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