[OPE-L:6612] RE: Re: Re: NYTimes.com Article: Scandal's Ripple Ef fect: Earnings Under Threat

From: P.J.Wells@open.ac.uk
Date: Mon Feb 18 2002 - 05:42:45 EST

Fred wrote (in #6610):

>But now we 
>realize that
>much of the increase of the "financial sector" was the really 
>the hidden
>debt of the non-financial sector, i.e. was debt of "special purpose
>vehicles" of the non-financial sector, for which the latter was still
>liable.  Hence the debt of the non-financial sector is much 
>greater than
>the Fed's data show.

Is this related to, and if so does it explain, the growing discrepancy
pointed to in Allinn's #6608 (which struck me as representing an
extraordinarily high proportion of the total)?


This archive was generated by hypermail 2b30 : Sat Mar 02 2002 - 00:00:05 EST