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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (96557)4/17/2009 8:06:54 AM
From: see clearly now  Respond to of 116555
 
theglobeandmail.com



To: mishedlo who wrote (96557)4/17/2009 10:02:17 AM
From: studdog  Read Replies (1) | Respond to of 116555
 
Mish,
you have articulated your position well. The credit size of the equation is certainly huge. We do get measurements of base money. What are you using for measures of credit? There should be some new quarterly measures out soon.

I am disturbed to see the seeming return to business as usual with the same banksters incredibly still in power and trying to juice up the business as usual, money for nothing, financial bullshit we have seen for the last 20 years. Does our nation really depend on a debt slave middle class to survive?



To: mishedlo who wrote (96557)4/17/2009 1:08:06 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 116555
 
The excess debt is liquidated through a large number of bankruptcies.

Yesterday's filing of "General Growth", the second largest retail property owner with $15 billion in debt, is the start of this new era.

Many firms in most industries will reduce their debt-load, and shareholders, in bankruptcy.

The failures to this point have been through foreclosure, where massive consumer debts are extinguished without bankruptcy.
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