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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (72401)2/7/2010 2:27:12 PM
From: arun gera1 Recommendation  Read Replies (1) of 74559
 
>NZ will go from owing $170 billion to owing nothing, overnight. All the assets will still be sitting right where they are.>

Is that what happened in Iceland? Did the citizens of Iceland escape the pain? Did Brazilians and Argentinians not pay for their bad debts in the last 20 years?
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