The Problem With Debt

16 Nov 2010 /

These are all from today’s headlines:

Thirty years ago, we had the savings and loan crisis. Those were the good old days, when investors were only nervous about small banks.

Investors have since become nervous about big banks, then non-bank financial institutions, and now small countries — Greece, Portugal, Ireland . . .

That’s the problem with debt — bad things happen when your investors get nervous.

What’s next? Medium-sized countries, obviously — Italy, Britain — and eventually the biggest of the big: the United States.


No Comments on The Problem With Debt »

Why not be first?

TrackBack URI

RSS feed for comments on this post

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>