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[PEN-L:27397] Re: Good analysis of WCOM and Credit Bubble



The article that Steve sent reminds me about how much I would like to see us to
changing nature of risk.  I already mentioned in an earlier note the importance
of how workers are absorbing more of the risk of economic fluctuations.
Corporations, including financial corporations, are getting more sophisticated
in fobbing risk off on to others, including relatively unsophisticated public
agencies.

--

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx





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