Home › Forums › Financial Markets/Economics › How long until US default?
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peterb.
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September 23, 2008 at 12:31 PM #274598September 23, 2008 at 12:33 PM #274284
underdose
Participant“Let’s say that I lease an apartment for $1000/month and I intend to continue leasing it for the next 100 years and pay as I go, out of my future earnings. Does it mean that I have $1000 * 12 * 100 = $1.2 million in debt?”
No, that is not the same, unless your landlord is loaning you $1.2 million to stay in his building and you are paying him back at $1000/month with no interest. That would be a sweet deal!
September 23, 2008 at 12:33 PM #274532Participant“Let’s say that I lease an apartment for $1000/month and I intend to continue leasing it for the next 100 years and pay as I go, out of my future earnings. Does it mean that I have $1000 * 12 * 100 = $1.2 million in debt?”
No, that is not the same, unless your landlord is loaning you $1.2 million to stay in his building and you are paying him back at $1000/month with no interest. That would be a sweet deal!
September 23, 2008 at 12:33 PM #274535Participant“Let’s say that I lease an apartment for $1000/month and I intend to continue leasing it for the next 100 years and pay as I go, out of my future earnings. Does it mean that I have $1000 * 12 * 100 = $1.2 million in debt?”
No, that is not the same, unless your landlord is loaning you $1.2 million to stay in his building and you are paying him back at $1000/month with no interest. That would be a sweet deal!
September 23, 2008 at 12:33 PM #274582Participant“Let’s say that I lease an apartment for $1000/month and I intend to continue leasing it for the next 100 years and pay as I go, out of my future earnings. Does it mean that I have $1000 * 12 * 100 = $1.2 million in debt?”
No, that is not the same, unless your landlord is loaning you $1.2 million to stay in his building and you are paying him back at $1000/month with no interest. That would be a sweet deal!
September 23, 2008 at 12:33 PM #274603Participant“Let’s say that I lease an apartment for $1000/month and I intend to continue leasing it for the next 100 years and pay as I go, out of my future earnings. Does it mean that I have $1000 * 12 * 100 = $1.2 million in debt?”
No, that is not the same, unless your landlord is loaning you $1.2 million to stay in his building and you are paying him back at $1000/month with no interest. That would be a sweet deal!
September 23, 2008 at 12:34 PM #274289cr
Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Yes, but only until the rest of the world catches on to our game and cashes out.
September 23, 2008 at 12:34 PM #274537Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Yes, but only until the rest of the world catches on to our game and cashes out.
September 23, 2008 at 12:34 PM #274541Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Yes, but only until the rest of the world catches on to our game and cashes out.
September 23, 2008 at 12:34 PM #274586Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Yes, but only until the rest of the world catches on to our game and cashes out.
September 23, 2008 at 12:34 PM #274608Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Yes, but only until the rest of the world catches on to our game and cashes out.
September 23, 2008 at 12:34 PM #274294Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Really?! Ask someone in Zimbabwe. Or in Germany back in the 1920’s.
September 23, 2008 at 12:34 PM #274542Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Really?! Ask someone in Zimbabwe. Or in Germany back in the 1920’s.
September 23, 2008 at 12:34 PM #274545Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Really?! Ask someone in Zimbabwe. Or in Germany back in the 1920’s.
September 23, 2008 at 12:34 PM #274592Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Really?! Ask someone in Zimbabwe. Or in Germany back in the 1920’s.
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