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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bart13 who wrote (103888)5/31/2013 1:51:10 PM
From: daveinmarinca   of 110194
 
So, looking at the debt situation today (through Charles' eyes)
<http://www.oftwominds.com/blogjan13/debt-wages01-13.html>
per Armstrong, we go back to the historically "tried and true" method of dealing with bad debt
<business.time.com/2013/04/23/europeans-are-thinking-the-unthinkable-that-debt-defaults-might-make-sense/>.....default.
That is the conclusion I come to today, revisiting your posting of 2009, your chart auto-updated thank you very much :<)
Europe first, followed by Japan.....then the US.....accompanied by bail-ins and all sorts of draconian measures in attempts to keep the banks and gov't whole. What am I missing?
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