Booms go bust. Wealth disappears. Debt does not. Someone, somewhere, sometime has to pay it. If not the borrower…someone else.
The story of the bubble years was the build up of debt throughout the world.
The story of the post-bubble years has bee…
At least this dovetails nicely with my poll.
From the article:
“Japan’s credit rating was cut for the first time in nine years by Standard & Poor’s as persistent deflation and political gridlock undermine efforts to reduce a 943 trillion yen ($11…
Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase
link
Perhaps the question should be: What country WON’T be hit by a debt crisis??
Debt Crisis Will Hit Japan Next, Then US: Historian
Published: Wednesday, 13 Oct 2010 | 4:45 AM ET
Europe’s sovereign debt crisis isn’t over and will continue to sp…
Interesting piece in the U.K. Telegraph, exploring how the high unemployment in the U.S. is impacting the global economy…
Jobless America threatens to bring us all down with it
A depression may have been averted, but nothing has been fix…
