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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (24588)	9/9/2007 1:04:37 PM
From: Steve Lokness	Respond to of 52157

Cashboy; Not sure if you follow Mish or not, but he offers very interesting comments/thoughts. Once credit contracts and asset prices drop it becomes impossible to service debt. The greatest financial experiment in history has really been nothing but one giant ponzi scheme of willingness to extend credit all based on models that asset prices only go up and/or the Fed can solve every crisis by throwing more money at it. Go here to read the entire article; globaleconomicanalysis.blogspot.com steve