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To: LRoggy

The thesis of the article is BS. We have $62T in public, personal and commercial debt outstanding. It is a HUGE crisis, and an inevitable one. It was going to come crashing down sooner or later as this correction has been looming for a decade or more.


5 posted on 10/02/2008 4:36:07 AM PDT by AndyJackson
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To: AndyJackson

The thesis of this article is that we have a perfectly reasonable model to work with to get ourselves out of this mess.

The Brady Plan did work.

The debt ratio to assets of this country are much healthier than almost all the other countries of the world.

I am astonished you could make such a statement. A Balance Sheet has three components, not one. To reference debt in a vacuum without showing assets and net worth is ignorance.


6 posted on 10/02/2008 4:43:54 AM PDT by LRoggy (Peter's Son's Business)
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To: AndyJackson
We also have over $200 Trillion in Capitalized Assets - ($50 Trillion in homes alone). That gives us shareholder's equity of over $140 Trillion or almost $500k per capita.

The main issue here has been the mark to market nonsense. If there is no current market for an asset due to any number of reasons in including fear, panic, lack of information, seasonality etc, it is ridiculous to force any institution to value that asset on the current days bid. This rule needs to be revisited and altered significantly. This seems to be getting the least amount of attention of all the issues we are facing.

7 posted on 10/02/2008 5:02:27 AM PDT by NYCRebublican (No more Slimes)
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