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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: umbro who wrote (46757)	4/16/2000 6:34:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

umbro, that falls under private sector debt as well...households and corporations. btw, with the stock market falling and interest rates rising (rates on corporate debt are way up), i expect stock buybacks to dry up considerably. i don't have the data for '99, but in '98 125% of reported profits were used for stock buybacks. that explains how IBM's balance sheet for instance managed to basically go down the toilet in the space of 4 years. the one thing that's been growing fastest on it was the debt portion. a bear market coupled with a private sector debt wipe-out will ultimately make short shrift with the 'budget surplus' as well. regards, hb