Local Governments Join The Strategic Default Movement
As if creditors didn’t have enough worries with nonperforming consumer debt and defaulting real estate mortgages, it now appears that another wave of debt defaults has started – this time by municipal borrowers. Consider the City of [...]
Strategic Defaults – The Difference Between The Rich And “Other People”
Million Dollar Home Owners Falling Off The Cliff “I think you’ll find the only difference between the rich and other people is that the rich have more money” – Mary Colum If the difference between the rich [...]
Japan’ Solution To Debt Crisis – Expand Zombie Banking
Japan’s Zombie Banking Taken To New Levels Of Lunacy Japan’s real estate and stock market bubbles burst in the early 1990′s. Since then, twenty years of non stop Government stimulus programs have failed and left Japan [...]
