Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: carranza2 who wrote (78909)	9/1/2011 3:11:50 PM
From: Snowshoe	Respond to of 218043

The Year of Jubilo... youtube.com

To: carranza2 who wrote (78909)	9/1/2011 7:00:59 PM
From: skinowski	Read Replies (2) \| Respond to of 218043

Does this make sense to you? I dunno... “Both Rick and Gonzalo left out the obvious third way--debt forgiveness. No... debt does not have to be paid by someone; it can be absolved Basically, I can't see how this is different from the "second" way -- namely, the lender taking it on the chin.

To: carranza2 who wrote (78909)	9/4/2011 2:34:26 PM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 218043

C2, that's a long-winded way of writing "Hey, I've got a great idea, let's rob those who learned, worked, saved, and loaned." If they really think robbing people is a good idea, and get away with it, the workers and savers will not be interested again - stand by to revert to chimp-like lifestyle where immediate squabbling consumption is the norm with saving not part of life. The solution to unpayable debt is simple and traditional - the creditor takes possession of the assets and the mathematical resolution the stupid writer wants is achieved. <This is why debt forgiveness makes not only moral but rational, mathematical sense. Finances require balancing to be coherent. There must be some way to redress systemic imbalance. One has to be able to “zero the scales” to get an accurate weight of value and to re-establish healthy value creation > When people dress their arguments up with "mathematical" without presenting maths, it means they don't have an argument. How is robbing people 'moral' and why is default and transfer of assets to bludgers 'rational'? Mqurice

To: carranza2 who wrote (78909)	10/3/2011 3:44:03 AM
From: Snowshoe	Read Replies (1) \| Respond to of 218043

More talk of a Debt Jubilee... Special Report: A "great haircut" to kick-start growth news.yahoo.com The idea of substantial debt restructurings and a haircut for bondholders has been raised by financial pundits, including Barry Ritholtz and Chris Whalen, two popular analysts and bloggers. Renowned economist Stephen Roach, currently non-executive chairman of Morgan Stanley Asia, has gone a step further, calling for Wall Street to get behind what others have called a "Debt Jubilee" to forgive excess mortgage and credit card debt for some borrowers. The notion of a Debt Jubilee dates back to biblical Israel where debts were forgiven every 50 years or so. In an August appearance on CNBC, Roach said debt forgiveness would help consumers get through "the pain of deleveraging sooner rather than later." (http://video.cnbc.com/gallery/?video=3000040679) But it's not just the liberal economists and doom-and-gloom financial analysts calling for a great haircut. Even some institutional investors, who might suffer some of the impact of debt reductions on their portfolios, are seeing a need for a creative solution to the mess.