Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (73178)	4/6/2010 6:30:51 PM
From: Maurice Winn	2 Recommendations Read Replies (3) of 74559

Greek interest rates going up: finance.yahoo.com When creditors detect likelihood of default, they want better interest rates to cover the risks of dilution and default. California is similarly out of credit and out of time. So are many places it seems. Savers, strange though it might seem to deadbeat borrowers, like to be rewarded for their self-control, lack of impulsiveness, having a long view, deferrring their self-gratification and maybe even passing the wealth on to the next generation unused, as capital sums to be used to do even better things. Too many borrowers have been borrowing to fund pleasure rather than investment. Game over for them. [They of course don't think of their pleasures as pleasures, they normally think their borrowing is essential for simply living a "normal" life]. Mqurice

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