I don't think that we ignored that here.  Alex I. was on pen-l for a
while.  I haven't checked recently.  Jim D. has pushed this idea quite a
bit here.

On Thu, Jul 18, 2002 at 07:50:44PM -0700, Steve Diamond wrote:
> So am I right in thinking that the core point of this article - that the
> debt to GDP ratio indicates a potential crisis and is a significant factor
> in the current meltdown environment is NOT a worrisome issue to you guys??
> Apparently that is a view widely shared on PEN-L since the list has been
> totally silent on the events in the markets of the past several weeks, not
> to mention the meltdown in corporate governance.
> 
> Stephen F. Diamond
> School of Law
> Santa Clara University
> [EMAIL PROTECTED]
> 

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Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
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