Comments on: Too Much Debt: Restructure, Default, or Devalue? http://www.noquarterusa.net/blog/19460/too-much-debt-restructure-default-or-devalue/ Fri, 25 May 2012 15:27:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: christian http://www.noquarterusa.net/blog/19460/too-much-debt-restructure-default-or-devalue/#comment-1208659 christian Mon, 25 May 2009 01:47:36 +0000 http://www.noquarterusa.net/blog/?p=19460#comment-1208659 The gov't does not have the biggest debt problem right now in terms of getting a recovery started.... because they still have the income to service the interest......so you are wrong when you say restructure or defaults are not going to happen ...because they very well could in the different sectors that needs to restructure their debt CRE,RRE, Finance, corporate debt...etc. So debt needs to be written down to a level that allows income to service it or income has to come up and meet a level that can service the debt or a bit of both...........How would you think higher incomes will get into the hands of the people.....to service the debt (it sure as hell is not going to be a informal devaluation that accomplishes this in an era of high job competition and global wage arbitage)......either massive bankruptcy's.......or a CO-ordinated ONe time Devaluation seem most likely particularly after civil unrest from a deepening depression forces something to be done The gov’t does not have the biggest debt problem right now in terms of getting a recovery started…. because they still have the income to service the interest……so you are wrong when you say restructure or defaults are not going to happen …because they very well could in the different sectors that needs to restructure their debt CRE,RRE, Finance, corporate debt…etc.

So debt needs to be written down to a level that allows income to service it or income has to come up and meet a level that can service the debt or a bit of both………..How would you think higher incomes will get into the hands of the people…..to service the debt (it sure as hell is not going to be a informal devaluation that accomplishes this in an era of high job competition and global wage arbitage)……either massive bankruptcy’s…….or a CO-ordinated ONe time Devaluation seem most likely particularly after civil unrest from a deepening depression forces something to be done

]]> By: cynic http://www.noquarterusa.net/blog/19460/too-much-debt-restructure-default-or-devalue/#comment-1169320 cynic Tue, 31 Mar 2009 19:45:39 +0000 http://www.noquarterusa.net/blog/?p=19460#comment-1169320 I've always wondered why credit card companies are allowed to get away with adjusting interest rates upward on previously existing balances. This will probably create the same sort of catastrophe we saw with adjustable rate mortgates. I’ve always wondered why credit card companies are allowed to get away with adjusting interest rates upward on previously existing balances. This will probably create the same sort of catastrophe we saw with adjustable rate mortgates.

]]> By: LD http://www.noquarterusa.net/blog/19460/too-much-debt-restructure-default-or-devalue/#comment-1169237 LD Tue, 31 Mar 2009 17:43:50 +0000 http://www.noquarterusa.net/blog/?p=19460#comment-1169237 Interesting perspective...not so sure it will happen, though, as it would mean an immediate hit to the banks bottom line and the banks are already in the hole to the tune of hundreds of billions. Good idea, though, but I don't think it would happen. Interesting perspective…not so sure it will happen, though, as it would mean an immediate hit to the banks bottom line and the banks are already in the hole to the tune of hundreds of billions.

Good idea, though, but I don’t think it would happen.

]]> By: Alessandro Machi http://www.noquarterusa.net/blog/19460/too-much-debt-restructure-default-or-devalue/#comment-1169236 Alessandro Machi Tue, 31 Mar 2009 17:40:05 +0000 http://www.noquarterusa.net/blog/?p=19460#comment-1169236 Unsecured Credit Card Debt is around a trillion dollars in the United States even as half of the worlds wealth has allegedly been lost in the past year. This means that unsecured credit card debt has actually doubled without anybody borrowing any more money. Plus, overall credit card debt has gone up as well. This makes the increase of unsecured debt as compared to wealth as much as a tripling! The best scenario, in my opinion, is to declare all credit card debt that is older than two years, payable interest free with reasonable monthly payments. This would give every debtor a short range plan to reduce debt, which would increase consumer spirit and responsible spending. http://www.DailyPUMA.com Unsecured Credit Card Debt is around a trillion dollars in the United States even as half of the worlds wealth has allegedly been lost in the past year.
This means that unsecured credit card debt has actually doubled without anybody borrowing any more money. Plus, overall credit card debt has gone up as well.

This makes the increase of unsecured debt as compared to wealth as much as a tripling!

The best scenario, in my opinion, is to declare all credit card debt that is older than two years, payable interest free with reasonable monthly payments. This would give every debtor a short range plan to reduce debt, which would increase consumer spirit and responsible spending.

http://www.DailyPUMA.com

]]> By: Alessandro Machi http://www.noquarterusa.net/blog/19460/too-much-debt-restructure-default-or-devalue/#comment-1169108 Alessandro Machi Tue, 31 Mar 2009 13:26:48 +0000 http://www.noquarterusa.net/blog/?p=19460#comment-1169108 Unsecured Credit Card Debt is around a trillion dollars in the United States. While half of the worlds wealth has allegedly been lost in the past year, this unsecured credit card debt has actually increased, making it a real drag in several ways. The best scenario, in my opinion, is to declare all credit card debt that is older than two years, payable interest free. This would give every debtor an short range plan to reduce debt, which would increase consumer spirit. http://www.DailyPUMA.com Unsecured Credit Card Debt is around a trillion dollars in the United States. While half of the worlds wealth has allegedly been lost in the past year, this unsecured credit card debt has actually increased, making it a real drag in several ways.

The best scenario, in my opinion, is to declare all credit card debt that is older than two years, payable interest free. This would give every debtor an short range plan to reduce debt, which would increase consumer spirit.

http://www.DailyPUMA.com

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