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DomoArigato
Participant[quote=GH]
Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.
[/quote]We don’t have to pay off our debts. Did you know that World War II debt was never paid off? It was just inflated away to the point that it was insignificant.
Unfortunately, the current misguided austerity is likely to lead to deflation and higher deficits.
Participant[quote=GH]
Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.
[/quote]We don’t have to pay off our debts. Did you know that World War II debt was never paid off? It was just inflated away to the point that it was insignificant.
Unfortunately, the current misguided austerity is likely to lead to deflation and higher deficits.
Participant[quote=GH]
Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.
[/quote]We don’t have to pay off our debts. Did you know that World War II debt was never paid off? It was just inflated away to the point that it was insignificant.
Unfortunately, the current misguided austerity is likely to lead to deflation and higher deficits.
ParticipantThe bond market is giving this clowngrade the respect it deserves:
ParticipantThe bond market is giving this clowngrade the respect it deserves:
ParticipantThe bond market is giving this clowngrade the respect it deserves:
ParticipantThe bond market is giving this clowngrade the respect it deserves:
ParticipantThe bond market is giving this clowngrade the respect it deserves:
ParticipantOof! The market started off OK, but it looks like it’s going to get kicked in the proverbial nuts again today.
ParticipantOof! The market started off OK, but it looks like it’s going to get kicked in the proverbial nuts again today.
ParticipantOof! The market started off OK, but it looks like it’s going to get kicked in the proverbial nuts again today.
ParticipantOof! The market started off OK, but it looks like it’s going to get kicked in the proverbial nuts again today.
ParticipantOof! The market started off OK, but it looks like it’s going to get kicked in the proverbial nuts again today.
Participant[quote=Arraya]
Good thing it is not going take more time to save the banks or people might really get mad about handouts to homeowners.[/quote]I guess it would be more accurate to say that home borrowers are actually getting ‘bailed in’ to more house than they can afford as a result of the teeny-tiny down payments. Most of the ‘bailing out’ has been of the banks after the home borrower defaults (although some bailout money has gone to loan restructuring which sometimes allows the borrower to stay in the home a little longer).
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