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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: tom r. phillips who wrote (85579)11/16/2000 10:13:58 AM
From: Thomas M.  Respond to of 132070
 
I believe "non-financial" means that you don't count the debt of banks, brokers, etc., since these companies' debts are then passed on to other corporate lenders, resulting in double-counting. But, I really am not fluent on this topic.

Tom



To: tom r. phillips who wrote (85579)11/16/2000 10:16:21 AM
From: Thomas M.  Read Replies (2) | Respond to of 132070
 
"We do not combine aggregate financial sector debt with that of non financial sector debt to come up with a whole. Clearly there is double count here. After all, the credit card lender that so kindly upped your credit limit recently borrowed the money to make you the loan (assuming, of course, that you took advantage of their seemingly unlimited generosity)."

contraryinvestor.com


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