> 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.
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I was talking about major imbalances... not debt, per se.