pessimists, page-6

Modern nations never pay off debts. They just grow their economies and as a result the debt becomes a lesser percentage of the DEBT/GDP ratio. EG $1 circa 1900 is worth 4 cents today

they way you said it Spike is like debt isnt a issue, alot of companies and specy companies gone down due to unable to pay debt, its like whats happend in GFC interest rates went up heavy borrowing and unrecovable bad debts busted Leman brothers Fanny mac and mae got into trouble.

Japan's lost decade happend due to debt, you see what happened the the likes to agentinia and other economies due to debt.

pretty big thing and issue, atm pray greek can sort it self out with help of europe, hope they stay in euro and take bail out to shore up its economy.... this weekend is deciders...

if exit they say it can be nasty hopfully they can contain it, and yes commodities will get smashed if it does...

thus why i sold down at levels 4, 3.8, 3.6, 3.5 and today lowest 3.1, dont really have much left prob made a small gain as entry is at 3.5. but wasted me about 8 months time.


so in these times of turmoil im went over to safe haven stock ie: bio stocks eurpoe got hammered and my bio stock held pretty good, those who got hammered can check my recent post where im posting re: bio stock.

DYOR and and i think you guys can make your WHN losses back