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

To: John Madarasz who wrote (64185)12/13/2000 10:27:23 AM
From: Les H  Read Replies (2) | Respond to of 99985
 
Telecom Debt is next banking crisis - interesting disparities in 3G license fees per capita

quote.bloomberg.com

also, Moody's downgrades more Telecom debt

quote.bloomberg.com



To: John Madarasz who wrote (64185)12/13/2000 11:17:48 AM
From: bafi403  Read Replies (3) | Respond to of 99985
 
Using book value based measures on a historical basis just does not make sense anymore. Our economy has changed considerably since the 60s, with intangible assets making up a significant part of the value of assets today. Book values do not adequately reflect the value of these intangible assets. This point renders the central thesis of the article to be invalid. I am surprised that a "chief economist" would endorse such a thesis.

bafi403.


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