pretty certain I heard keating saying similar things about debt...so wonder who copied whose statements??
some really bad theories out there....no wonder the GFC is as big as it is.....
it all started with a massive fraud...selling off sub prime as triple AAA rated investments....and the fraud was on a massive scale as in a ponzi scheme....now no one trusts anyone anymore....no confidence
one needs to be much smarter than the average teddy bear to survive this crisis..... looking forward to 2 years into the future...to see who did survive
