Hi ACF Mike, <<This is a good thing, btw, for everyone but the original investors>> You are wrong, and here is why:
Also bad for GX's competitors, their bond and shareholders, suppliers, employees, and near-future funding of any tech rollout, along with people's retirement plans, etc, and funding for that hospital, and this education facility, all trying to sup from the same poisoned capital pool.
Tax revenue go down, and with new demand for spending on WAT-WOT-whatnot and such, tax rate will go up ... you got that picture ...
As the US rates go towards zero ala Japan, because Japan's rate is zero ...
... by your logic, that white elephant of a airport and the redundant bridge to nowhere in Japan is all good.
But, you are right, it is all good for Li Kai Shing, master crustacean, selling dear and buying low. And it is all good for folks who actually can make productive use of cheap capital. This is why I am actually wildly optimistic to the ninth degree, because the market clearing price may in fact turn out to be around 0.05 to 0.10 Euros on the Dollar.
Chugs, Jay |
