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


To: ild who wrote (9346)3/4/2004 4:21:01 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
swaps ensure even more lost corporate profitability
add that to the crack-up pile of higher production costs

the losers will be those who enhanced their corp balance sheets over the last 2+ yrs
they wanted those lower rates, attached to LT debt
next round, they pay

that is the hallmark signature of American mindset now
enjoy today, pay tomorrow, forestall tomorrow to the next generation

/ jim