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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (65676)	5/20/2007 10:42:34 PM
From: Chispas	Respond to of 116555

Ackerman - "..as a credit-glutted economy teeters on the brink of the steepest recessionary cliff since 1973-74, how could investors be so foolish? The answer, very simply, is that there is practically no limit these days to the amount of money that can be borrowed for financial speculation. Money is so incredibly cheap, in fact, that even the savviest leverageurs are leaping to pay billions for companies like Chrysler Corp. and the L.A. Times that face extinction. After all, what have these swashbuckling leverageurs got to lose, given that their grubstake consists almost entirely of Other People’s Money....?" news.goldseek.com