WSJ on wealth

Doug Henwood dhenwood at panix.com
Wed Jan 19 12:27:55 PST 2000


Jordan Hayes wrote:


>The role of debt in the US today is different (enough to make the
>above comparison invalid for anything other than cocktail party
>chatter) than either of those other two times/places.

I'll buy this about US-Japan comparisons, but why is it invalid to compare debt levels in the U.S. today vs. earlier times?

Doug



More information about the lbo-talk mailing list