The Collapse Cycle January 18, 2011 Get link Facebook Twitter 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