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There's an interesting discussion at wsj.com's "Market Beat" blog.
Nov 16 12:22 pm
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All Comments by Donald Johnson »Goldman Economist Sees $2 Trillion Subprime Impact on Lending [View article]
Link is here:
blogs.wsj.com/marketbe.../
My reaction is that it's time to screen for debt-free, high cash flow companies with decent earnings records and prospects. Companies that are burning through cash and need to obtain or extend credit lines or go to the bond and commercial paper markets may be in big trouble.