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To: Mark Adams who wrote (108014)6/11/2001 11:10:53 AM
From: Mark Adams  Read Replies (1) | Respond to of 436258
 
Two things to consider on the expanding debt- inflation and population growth.

If we could calculate the debt in constant dollar terms and then determine a per capita number, graphed on a log chart- I bet the numbers would look quite different.



To: Mark Adams who wrote (108014)6/11/2001 1:09:05 PM
From: pater tenebrarum  Respond to of 436258
 
the debt and asset bubbles go hand in hand btw. - the correlation between M3 and the S&P 500 index between 1990 and 2000 is 0.99 - an almost perfect correlation.

i think this year will be the year in which corporate debt defaults begin to outpace corporate debt issuance (qu 1 defaults came already close to outpacing last year's issuance)...the precursor to a contraction in money supply which i believe will begin sometime later this year. just guessing of course, based on the two prior burst asset bubbles over the past century.