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: gregor_us who wrote (85763)	8/30/2007 10:33:01 PM
From: Elroy Jetson	Read Replies (1) of 110194

All very true. Even more to the point, a segment of the external debt owed by Australian corporations and pension accounts are mortgages and similar loans on foreign property owned by Australians. These properties include airports in India and Europe, toll freeways in Canada, and shopping centers in the United States. The fact that Australian firms owe external debt on these assets is hardly a sign of weakness or coming economic problems. .

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