bubble

Doug Henwood dhenwood at panix.com
Fri Mar 10 18:17:58 PST 2000


Rakesh Bhandari wrote:


>Aren't
>they the ones getting hit hard by Greenspan's rate hikes that hurt Old
>Economy companies?

I don't get this. Why should rate hikes hurt Procter & Gamble? The entities most vulnerable to rate hikes are preposterously valued stocks of profitless companies. And without the endless stream of IPO cash, where will most of these net firms be?

Doug



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