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

To: shades who wrote (58909)	4/20/2006 4:50:56 PM
From: Oblomov	Read Replies (1) \| Respond to of 110194

Not all debt is bad debt, despite the pervasive, moralistic stance against debt. Even a payday loan might be "good debt" depending on the use of the funds and the individual circumstances. If someone took out a payday loan in early 2004 and bought Suncor shares with the proceeds, even with the high fees and interest rates it would have been profitable. Likewise, many small businesses are started on credit cards, many of which fail, yet many succeed, too. The boom in China, which is regarded on this thread as the exemplar of a vigorous economy, is largely financed by state-guaranteed loans. The question is, should we protect ALL people against such risks, even if an individual has proved capable of managing risk well?