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To: Arleigh
Debt sucks. Derivatives that make the system teeter due to overleverage suck.
121 posted on 07/23/2002 6:45:29 PM PDT by tomahawk
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To: tomahawk
Debt only sucks in a deflation, when no one has pricing power.Derivatives work if used to hedge.When they are used to speculate by treasurers and CFO's and idiots like the former CFO of Orange Country, to trade various points along the yield curve, then they are a problem.

When it goes beyond simple cash management to a profit source, well, ask Dell and Proctor and Gamble what's likely to happen.
130 posted on 07/23/2002 6:53:11 PM PDT by habs4ever
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