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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 (66472)7/20/2006 3:32:00 AM
From: mishedlo  Respond to of 110194
 
Mish when they did this in germany - didn't it bail out local customers (debtors) at the expense of local banks?

I really doubt it bailed out anyone but it did make for good wheelbarrel sales.

One difference that everyone ignores is that Germany had massive government debt and war reparations to pay.

The biggest problem in the us right now, is consumer debt.

Big big difference.

Mish