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Don't remember the specifics, however a recent column in Barron's detailed the
source of funds flowing into stock market. The article included ample evidence
of public borrowing to fund equity purchases. If interested and you have a sub
to Barron's On Line, you can probably find it by browsing the past several weeks
of BOL archives.
Earl
-----Original Message-----
From: TheGonch at MediaKat <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
To: eadamy@xxxxxxxxxx <eadamy@xxxxxxxxxx>
Date: Friday, June 12, 1998 9:40 AM
Subject: Re: MKT - The "Big Picture"
>IMO, this market becomes a mania only when people start borrowing to
>fund equity purchases...
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