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[PEN-L:2729] Re: 2 questions

Michael Perelman wrote:

>Has anybody investigated this dimension of financial fragility?  Does
>this put the final nail in the q-ratio coffin?

In the U.S., the q-ratio has been looking a little better in the 1990s,
after a poor performance in the late 1970s and 1980s. Investment is high,
though not at record levels despite record q's.

Doug
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