Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (72412)	2/7/2010 4:38:04 PM
From: arun gera	Read Replies (2) of 74559

>So the NZ government will have income [but no debt], the companies and people have income and all is hunky dory.> Actually no. If New Zealand has been living on debt (credit card) for some time and the credit limit is decreased, it will have to economize or miraculously get a much higher income from its resources. Sometimes bad things happen together, just as your credit limit is cut, your client also cuts business - does not buy your iron ore any more, and you have less income and less credit limit. Isn't that not happening right now to individuals? Greece is in a bad shape and the world shipping industry (one of the main industries in Greece) is at slump same time, and its credit rating is declining. -Arun

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