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Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

Considered view
28 Aug 2007 15:06

One more worry

By Edward Hadas
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According to company accounts, S&P 500 companies have cut leveraged almost in half since 2002. Investors take comfort from the caution. Maybe they shouldn’t. If financial assets are valued at replacement cost, leverage still looks high. Weak markets could cause big problems.

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