The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (6008)	1/24/2004 2:23:50 PM
From: Haim R. Branisteanu	Read Replies (1) of 110194

europe will be forced to buy back all the US debt they sold and deal with very serious internal problems starting from unemployment and possible social unrest. MAny miss the point that even a burger flipper job is after all a job and lower the budget deficit 1. by paying local and gov taxes, 2. not defaulting on it's loans and spending a bit. On the other hand an unemployed person aside from being paid by the government and expanding budget deficits, does exactly the opposite of the above. EZ finance ministers are starting only now to realize this and therefore they are starting to be vocal. A low paying job or partial job is far better than no job. It is like the difference between recession and depression

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