[lbo-talk] Fitch and Brenner

[Matthias Wasser]

On 2/25/09, Philip Pilkington <pilkingtonphil at gmail.com> wrote:
>
> This is where I almost agree, but I break off. This tends to be able to
> point to debt as some sort of, on the one hand, problem, and on the other,
> solution. I think its neither. Its a development, nothing more. Debt is
> debt... not exactly profound, but the fact is that it is. And if the current
> global economy is consistently putting its balance sheet into the red, then
> I'd be worried.
>

If it's any consolation, I very much doubt that the global economy
will be a net debtor any time soon.