Phorgy Phynance

More on the corporate leverage puzzle

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Just a few days ago, I pointed out a nice article by Yves Smith from naked capitalism indicating that corporate balance sheets may not be as healthy as most economists and analysts have been claiming them to be for the past several years. As the credit cycle turns, it wouldn’t surprise me at all to see more articles like that coming out. Here is another from FT:

Why balance sheets are not in good shape

Greed will always find a way. That is one clear lesson I’ve learned so far.


Written by Eric

September 1, 2007 at 9:21 pm

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