Debt a la Enron

Charles Jannuzi jannuzi at edu00.f-edu.fukui-u.ac.jp
Thu Feb 28 00:41:10 PST 2002

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>Subject: Re: Debt a la Enron
>[A Canadian take, two weeks ago. --CGE]
>The Financial Post
>February 11, 2002
>Corporations overstated profit: study
>If true, Dow should be trading near half of current mark

The best thing that could happen would be for the Dow to lose 25-40% of its value. Then people would be reminded about the differences between savings and investment (gambling). It would also take the steam out of the bubble-driven American capitalists who think they are masters of the universe.

Charles Jannuzi

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