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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (14785)8/13/2002 3:36:38 PM
From: MulhollandDrive  Read Replies (2) | Respond to of 17639
 
well there is no question that we could reach the point of a liquidity crisis.

if you really stop and think about it....corporations like WCOM basically overstated their CASH FLOW by reclassifying loans on the balance sheet.

my guess is that there have other corps which have been forced to employ similar maneuvers.

we saw last year an unprecedented number of co's being reduced to junk bond status.

expect more bankruptcies and restructuring as more and more biz have to go look for commercial paper to keep them afloat.