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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (47974)	3/30/2009 4:38:17 PM
From: Elroy Jetson	1 Recommendation Respond to of 217906

The debt to GDP ratio will likely rise initially as GDP declines, just as it did from 1929 to 1932. But ultimately it will decline. I see no way we can hold off a deleveraging as has been attempted so far. As an example most radio and television owners, both public and private, are loaded to the gills with debt and advertising revenues are down 55%. Obviously they'll need to reorganize under bankruptcy protection, eliminating their current shareholders and making the current debt owners into shareholders. What's the alternative? The government can buy billions of dollars of 60 second advertisements? There will be so many reorganizations under bankruptcy in the coming years that they will cease to be newsworthy. People will look back and wonder why it took GM so long to file for bankruptcy and what the concern was. .