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[sharechat] trival titbit

From:	"Stuart Allen" <sj.allen@ihug.co.nz>
Date:	Tue, 11 Apr 2000 18:16:44 +1200

an interesting quote from Forbes

>Despite a decade of stock-based mergers, the U.S. corporate economy now >has $5 of debt for every dollar of cash flow. The 1999 default rate on corporate >debt was 6%, 50% higher than it was in 1990 in the middle of the junk bond >collapse.

stuart allen

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