Kacey consider what happens to the "value" of both asset and...

Kacey

consider what happens to the "value" of both asset and liability as int rates go zero and (in real terms) negative .......

assuming Greece reintroduces the drachma .......this will fall like the proverbial ........consider then the future for sunny Yen and "the mighty US$" .....in due course .....

people should also chk the "jurisdiction" of Greece's "restructured" debt (hint it's UK) ......they wont (legally) be allowed to "walk away" from their onerous obligations ............

will get "very funny" .....very quickly .....

net impact .....access to cash will get much more difficult ...rather quickly

rgds
V_H