The Collapse Cycle January 18, 2011 Get link Facebook X Pinterest Email Other Apps 1. Wealth builds on productive activities 2. Wealth is redistributed from producers to consumers 3. Wealth is destroyed. (We are here) Comments BillJanuary 18, 2011 at 7:53 AMMisallocation of Capital and high levels of Debt....Sounds like the Municipal Bond market to me PW.( Wink )BillReplyDeleteRepliesReplyPW BaileyJanuary 18, 2011 at 5:28 PMYes Bill, it is the muni market. But, it is also the markets in personal, corporate, state, and sovereign debt. Big adjustments coming soon to a market near you.ReplyDeleteRepliesReplyAdd commentLoad more... Post a Comment
Misallocation of Capital and high levels of Debt....
ReplyDeleteSounds like the Municipal Bond market to me PW.
( Wink )
Bill
Yes Bill, it is the muni market. But, it is also the markets in personal, corporate, state, and sovereign debt. Big adjustments coming soon to a market near you.
ReplyDelete