actually, the time to do nothing was before the refi boom happened.
Bad ending ahead, I fear. Debt is still debt, even at low rates. You gotta have $$$$ coming in to pay it off. Even strong inflation, devaluing that debt, does not help if you have no income. In fact, it makes things worse.
Now, no matter what they do, it is my opinion that it will take years to work the excesses out of the system.
Likely. It will take awhile to force that excess capacity into bankruptcy. But, on the other side, if someone buys it out of bankruptcy at one cent on the dollar, they still need demand to make their investment pay. Otherwise, the capacity must be scrapped. Probably the fate of much of the fiber out there. By the time there is sufficient demand to employ it, it will likely be obsolete.
Just in case you ever need it: :-)
"The Best Places To Go to Prison"
forbes.com
zonder need not worry about this; Monaco won't extradite. :-) |
