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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (19591)	2/14/1999 4:17:00 PM
From: bill meehan	Read Replies (4) \| Respond to of 86076

AR: Thanks for the feedback. To be honest, I didn't really get the point of what the economist had to say (maybe I wasn't paying attention?). I was hoping that he would address the fact that corporate debt continues to grow, more than making up for the shrinking supply of Treasuries. (Corporate and individual debt as a percentage of GDP is rising briskly.) I wanted to then point out the fact that many companies are buying back stock and aggressively tapping the credit markets, therefore borrowing money to buy inflated stock. I wish I knew that tow-truck commercial was going to run, I could've had some fun with that! <ng>