Wednesday, December 07, 2011

Debt is dead, Long live Debt

I was told when I joined the bank that Credit Managers are trained to think about what can go wrong and Investment bankers are trained to think and talk about what can go right. To put it mildly, there are plenty of things that can go wrong in any point in time however given the current circumstances it is seems unfathomable to even lend money to "risk-free" debt ie. sovereign debt. What is one to do? How do we keep the engine of growth going? well, this problem is not new talk to any Entrepreneur who is starting a business. The video below explains all the possible options and the only problem is getting in front these different agents. But never the less check it out.



Debt is another form of slavery, I would prefer that everyone of us is in charge of our own destiny.

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