[lbo-talk] shock doctrine
bhandari at berkeley.edu
bhandari at berkeley.edu
Sun Sep 16 09:45:22 PDT 2007
Just some obvious questions...
How can capital be rolling in great investment opportunities if investment
is too risky to undertake? And why aren't debt financed buy backs a sign
of underlying difficulties, a sign of a mature and declining industry ?
And where would stock prices be today if the rate of interest had not
fallen sharply?
Rakesh
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