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

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To: yard_man who wrote (248855)7/8/2003 12:28:46 PM
From: ild  Read Replies (2) of 436258
 
The biggest bull market in stocks in the history of America was accompanied by a net decline in corporate equities. In both cases – the 1980s and the late 1990s – stock prices were being bid up by corporations themselves through the use of borrowed funds. GM’s latest bit of financial engineering is just a variation on the theme.

northerntrust.com

The California Deficit: What Happened?
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