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

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To: Andrew G. who wrote (71147)2/23/2001 4:06:55 PM
From: oldirtybastard  Read Replies (2) of 436258
 
I've come to the conclusion about a month ago that all the concerns expressed on this thread and others here on SI about debt levels are essentially overblown. Reason being that this economy has thrived for so long on chronic debt overload that there is no apparent point of conclusion about it. Creditors extended terms and refinance loans. Corporations raise more debt, FED prints more money and lowers rates, etc etc.
It doesn't matter unless a company is very small. All the big guns will trudge on like tugboats hauling their big debts around as long as they can sustain their cashflows.
Cashflows are all that really matter. When times are tough, lay offs are just as effective to the bottom line as increased earnings. In fact from a tax standpoint layoffs are even better.


you're joking, right? -ng-
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