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[OPE-L:6612] RE: Re: Re: NYTimes.com Article: Scandal's Ripple Ef fect: Earnings Under Threat



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Fred wrote (in #6610):

>But now we
>realize that
>much of the increase of the "financial sector" was the really
>the hidden
>debt of the non-financial sector, i.e. was debt of "special purpose
>vehicles" of the non-financial sector, for which the latter was still
>liable.  Hence the debt of the non-financial sector is much
>greater than
>the Fed's data show.

Is this related to, and if so does it explain, the growing discrepancy
pointed to in Allinn's #6608 (which struck me as representing an
extraordinarily high proportion of the total)?

Julian



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