Life After Debt, Part I – Bizarro World Debt Crisis
By The Banker | Blog PostsJoin me, if you will, in examining a time capsule from November 2000. A junior economist, burrowed deep in the cubicles of the US Treasury Department, wrote a never-published memo to his bosses about a major problem facing the financial markets titled, ‘Life After Debt.’ How would markets react to the imminent pay down of
