Thursday, October 1, 2009

The Dark Side Of Debt

Introducing a new product, "Insurance"
"The boys at The Economist are once again sounding the alarm over hedge funds, derivatives, and now dark matter. No, not the chimerical good will and brand value used by some supply-siders to rationalize away the huge trade deficit - the dark matter in this case is debt. As in the current cover story, The Dark Side of Debt.


There are three stories in the current issue about the new dark matter that is driving the world economy - there may be more than three, as the entire magazine has not yet been reviewed. Surprisingly, all three are in the public area of the website, available to passersby at no charge. The cover story starts the ball rolling, wondering what a low-interest rate world hath wrought."


Let me preface the following remarks with the statement "I am a capitalist, I've always been a capitalist, I will always be a capitalist".
BUT......... these guys are killing the goose that laid the golden egg.

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