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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Taikun who wrote (30667)4/15/2005 4:59:06 AM
From: Colin H  Read Replies (2) | Respond to of 110194
 
Corporatize. Everyone I hire in Germany is a corporation. How else to get around all the rules and regs about hiring and then firing someone in Europe? Contract work. If you want the life that used to be, form a corporation. Americans have bucked every system thrown at them. I'm sure they'll find a way to wiggle out and through the new one. <G>



To: Taikun who wrote (30667)4/15/2005 3:40:31 PM
From: John Vosilla  Read Replies (3) | Respond to of 110194
 
Good points. The flip side might be too much use of credit and the misallocation of capital seems to create one bubble and situation of overcapacity after another. As an example perhaps Trump might think twice before personally guaranteeing and never being able to cram down the debt on the 100 story condo in downtown Chicago projected to be completed in 2007 as I'm sure he knows the risks are enormous. To all of these people the deal is nothing more than little risk but big upside be it Trump or the small scale business startup maxing his credit cards with little of his own capital on the line. If things collapse and debts get marketed down to 20-30 cents on the dollar like after the S&L fiasco or telecom bust these guys might get stuck with the loss for once.