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To: Giordano Bruno who wrote (7701)	8/1/2000 8:02:08 AM
From: AllansAlias	Respond to of 436258

Thanks for the post. Excellent reading. "You're always worried about debt, but so much of this debt expansion is being poured into investments in capital expansion that is driving productivity gains, so it may be more likely to produce profits, rather than financial stress," said Robert DiClemente, chief U.S. economist at Citigroup Inc.'s Salomon Smith Barney. Another reason to heed hb's AVOID rating. What a clown. --Allan

To: Giordano Bruno who wrote (7701)	8/1/2000 9:57:59 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

well, it's great that we are exhorted to be complacent about the debt problem when defaults in junk bond land are at levels usually seen in recessions. if there finally is a slowdown, much of this debt will implode. true, it is fueling capital expenditures...as mentioned before, a typical crack-up boom in the Austrian sense, doomed to eventually collapse.