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To: lorne who wrote (32815)4/29/1999 12:47:00 PM
From: Ahda  Respond to of 116753
 
Who is losing and who is winning if debt were erased.
Is the US$ so easy to come by that 350.billion could be wiped from the books without
any repercussions.

No it would change the whole budget surplus.



To: lorne who wrote (32815)4/29/1999 1:14:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116753
 
Incredible question..I hope somebody comes to the rescue to answer it



To: lorne who wrote (32815)4/29/1999 2:32:00 PM
From: Alex  Read Replies (1) | Respond to of 116753
 
Some excellent questions there lorne. A tongue in cheek suggestion - since 350 billion is very close to the p/e of some internet stocks, maybe we could pay down that third world debt with some Amazon.com stock since Mr. Greenspam no longer thinks that the market is priced irrationally : - )


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