Contents: OVERHANGS AND HANGOVERS: COPING WITH THE IMBALANCES OF THE 1980s................ jcncacianiiii THE REAL ESTATE OVERHANG THE DEBT OVERHANG Corporate Leverage The Household Debt Buildup CONSEQUENCES OF THE OVERHANGS The Macroeconomic Consequences Profitability Slow Credit Growth IMPLICATIONS FOR THE FUTURE Financial Statements Changes in Directors and Senior Officers List of Directors and Officers