Article

2009-09-07 Economy

Does the world have the courage to deal with its debts?

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Posted by tipper 2009-09-07 01:28|| || Front Page|| [11124 views ] Top

#1 no.

Posted by Ptah">Ptah 2009-09-07 08:12|| http://www.crusaderwarcollege.org]">[http://www.crusaderwarcollege.org] 2009-09-07 08:12|| Front Page Top

#2 "I'm rich, as long as I don't repay my debts".

Posted by anonymous5089 2009-09-07 08:18|| 2009-09-07 08:18|| Front Page Top

#3 #2 - has become current motto of USA

Posted by Anguper Hupomosing9418 2009-09-07 09:13|| 2009-09-07 09:13|| Front Page Top

#4 We don't have a choice. Our debts exist and we can't make them vanish. We can face them or we can run from them. Either way we still have them.

Posted by Richard of Oregon 2009-09-07 10:18|| 2009-09-07 10:18|| Front Page Top

#5 there are 3 options.
1 Default.
2 Inflate
3 Swap for something.

Posted by Bright Pebbles 2009-09-07 10:40|| 2009-09-07 10:40|| Front Page Top

#6 Article isn't very specific. There is a substantial number of debt instruments each with its own character.

Some of the TARP debt has already been paid back (typically govt loans to companies that didn't really want the loans in the first place). Some debt is to AIG and will have to be recollateralized at a discount. Some debt is to GM which may end up being vapor. Some debt is in the form of T bills, T bonds etc.

Posted by lord garth 2009-09-07 14:00|| 2009-09-07 14:00|| Front Page Top

#7 No problem! We still have checks left!

Posted by CrazyFool 2009-09-07 14:50|| 2009-09-07 14:50|| Front Page Top

#8 I think the problem is that the dollar NEEDS to fall.

That doesn't suit the Chinese though.

Posted by Bright Pebbles 2009-09-07 17:38|| 2009-09-07 17:38|| Front Page Top

#9 "Some debt is to GM which ~~may~~ will end up being vapor."

Fixed that for ya', lord garth.

Posted by Barbara Skolaut">Barbara Skolaut 2009-09-07 18:17|| 2009-09-07 18:17|| Front Page Top

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