Source:
Stephen Roach: Consumers need debt jubilee
Credit Write Downs, August 22, 2011

Category: Consumer Spending, Markets, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “Stephen Roach: Consumers need debt jubilee”

  1. bear_in_mind says:

    Roach makes sense – which means his ideas have a snowball’s chance of being adopted in today’s Beltway atmosphere. And the panelist’s (Keith?) idea of strengthening the dollar is a non-starter because it would hurt multinational corp’s profit margins.

  2. [...] – A debt jubilee anyone? [...]

  3. johnl says:

    Oh come on…………….. the pain must be shared.
    The institutions that floated the loser loans should be torn limb from limb and the parts distributed to the highest bidder. Every single person/entity that invested in these loser lenders should have their equity or bonds completely wiped out. (Capitalism needs to be reasserted. )
    The bankruptcy process is loaded with debt forgiveness mechanisms for individual borrowers.
    People and companies need to take responsibly for their actions! When is the age of enlightenment and responsibility going to start???

  4. MayorQuimby says:

    More theft of purchasing power from renters and savers. Moe desperate attempts to add leverage to a deleveraging system. Fail.