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.
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Nationality: American Type: Businessman Born: 1949 |
“People assume that because you have graced the same stage as the star act, in front of thousands, you must be reaping similar financial rewards. This is a complete fallacy.”
“In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move.”