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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: arun gera who wrote (101123)8/21/2009 3:13:52 AM
From: Elroy Jetson  Read Replies (1) of 116555
 
When you're a debtor nation which liquidates your consumer and business debts in bankruptcy, the hangover (those with lower incomes and fewer assets due to the failure of the debt to be repaid) resides primarily in the nations who lent you the money.
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