and I thought losing $500 Billion in Blogshares was bad…
September 26th, 2007Commercial Paper Market Could Lose US$500B by Thanksgiving:
“Bad economic booms tend to produce bad results…
like runaway indebtedness and a plummeting currency.Do you happen to know of any large Western economy with these characteristics?
Sometimes, the difference between a good boom
and a bad boom is very subtle and subjective.A ‘bad boom,’ for example, might simply be
a good boom that you failed to participate in.But usually, key fundamental differences
differentiate the good from the bad.Bad booms tend to rely upon credit, for example,
rather than earnings and savings.Therefore, when the inevitable bust occurs,
credit becomes a four-letter word: Debt.”
(Via Bits of News.)
Tags: commercial paper market, currency, economic booms, fundamental differences, indebtedness, observations, runaway, western economybad boom, booms tend, good boom, credit, example, difference, lose
Tags: commercial paper market, currency, economic booms, fundamental differences, indebtedness, observations, runaway, western economy