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Dow hits new record of 13000, as US & world economies continue to grow | 130 comments (130 topical, editorial, 0 hidden)
Re: debt not gdp (none / 0)
Consider UK Plc: it's the only Plc with no "Equity" on the balance sheet, and with accounts which show a debt, but not the assets they are secured against.

As the risk of government default is almost by definition [or in theory] negligible, government debt doesn't need to be secured, does it?

Bush is a symptom, not the disease.

by Migeru (migeru at eurotrib dot com) on Sun Apr 29th, 2007 at 05:21:27 PM EST
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Dow hits new record of 13000, as US & world economies continue to grow | 130 comments (130 topical, 0 editorial, 0 hidden)
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