Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: dave9 who wrote (88101)	10/9/2008 7:47:32 PM
From: benwood	1 Recommendation Read Replies (2) of 116555

Recently I was mulling over how corporations seem to exist: most (say 99%) just keep accumulating debt until one day the go BK and leave empty shell casings in their wake. e.g. Ford, GM, United Airlines, AIG, Lehman Brothers, etc. It seems to be the model, just keep increasing debt. I realize that most big corporations just run a long, long confidence game. When will IBM blow up? They have incredible debt on their books. Who doesn't? Microsoft doesn't, maybe Apple, Starbucks. Hardly any really. Maybe the oil companies (so why the %#@ do they get tax breaks again???). Very flawed model. The more successful a business is, the more they owe.

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