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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (6900)2/4/2004 2:28:02 AM
From: westpacific  Respond to of 110194
 
"""Gross thinks, however, that the economy has undergone a second transformation and that it is now finance-based -- both profits and employment are now chiefly a function of how much debt is getting generated and what that debt costs."""

And the SPX is now what close to 30% financial components........

Some economy we now have, total joke!