Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (4519)	6/8/2001 1:40:29 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 74559

well, let's not forget that i'm not an 'after the fact' critic. imo the huge debt shouldn't have been accumulated at all. the way the system is constructed, the eventual debt deflation is anyway inevitable. the only question is how big will the debt mountain be that we'll be buried under. and the current one is the biggest EVER, not just in absolute, but also in relative terms (relative to income, GDP, equity...it doesn't matter which yardstick you use - it's unprecedented). the Japanese made the same mistake: they allowed a credit and asset bubble to form, and now they're paying for it. same will happen here, only it has the potential to get a whole lot worse, as there are no savings.