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That Ain't No Margin Debt: THIS Is Margin Debt

We find it amusing how many people try to read into the tealeaves when looking at the NYSE margin debt (especially since the real leverage long ago left the CNBC TV studio in downtown Manhattan, as explained before), when the real action is half way around the world. Because, in the immortal words of Crocodile Dundee, "That is not margin debt. This is margin debt."