Ron Wormus wrote:
> Jones, > All true enough but big companies run on credit, and if they don't have > it, it's going to cause big problems in relatively short order. The > Depression, Japan's "lost decade," the Russian currency crisis--all the > biggest drops in GDP were finance related. When the real economy tanks, > it's the business cycle, growth slows a bit and eventually picks back > up. When the shit hits the fan in the financial industry, we get > massive economic disruption. Thanks, Ron -- that is a remarkable insight, which I hadn't run across before.
