A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.
 |
Nationality: American Type: Businessman Born: 1949 |
“I still feel Mormon. Those men in Salt Lake City can't decide who's Mormon and who isn't.”
“I'm a hopeless mother; a hopeless wife; I have to try harder. I'm just a pathetic case history, really.”