Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (10222)	12/11/2002 12:08:21 AM
From: SOROS	Read Replies (4) of 89467

JW or anyone, On these two points below, is there a source that shows comparisons on these two measurements at various critical points in history? If so, can you provide a link? Thanks. I remain, SOROS "United Airlines isn’t the only company that is need of spare billions. A report in the latest Elliott Wave Financial Forecast quotes an ominous statistic: liabilities for the 30 Dow Stocks are $3.3 trillion. The net worth of the 30 Dow stocks is only $728 billion of which $218 billion is goodwill. Tangible net worth is only $510 billion, meaning that the Dow 30 stocks have $6.5 dollars of debt for every $1 dollar in equity." "Since the beginning of 1998 the US under the Greenspan Fed has produced $9.1 trillion of credit market debt. And what has all that debt generated? It's generated Gross Domestic Product of about $2 trillion. In other words, it's taking about $4.5 trillion in bank credit to produce $1 trillion in GDP. Economically, we're running up the down escalator."

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