Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
So, global debt (247T) now outpaces 2008....
Old 09-23-2018, 10:56 AM   #1
Dryer sheet wannabe
 
Join Date: Jul 2017
Posts: 11
So, global debt (247T) now outpaces 2008....

and itís supposedly a large part of the ticking time bomb as we move seemingly inexorably toward a correction/recession/depression.

Once the implosion happens, how is the debt problem resolved? A massive ying and yang of defaults, collections and write offs through which the world emerges with a less risky aggregate debt load? And the prudent play for the average joe (with no debt and investable assets) is to sit in your storm shelter with an appropriate asset allocation?
__________________

Bluegrass is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-23-2018, 10:59 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Mar 2011
Posts: 4,738
Quote:
Originally Posted by Bluegrass View Post
And the prudent play for the average joe (with no debt and investable assets) is to sit in your storm shelter with an appropriate asset allocation?
That, and wait/look for bargains.
__________________

__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 09-25-2018, 02:56 PM   #3
Thinks s/he gets paid by the post
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 3,389
Quote:
Originally Posted by Bluegrass View Post

<SNIP>

Once the implosion happens, how is the debt problem resolved? A massive ying and yang of defaults, collections and write offs through which the world emerges with a less risky aggregate debt load?
You forgot bailouts of those "too big to fail." Hint, that's not anyone here, but YMMV.
__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Vanguard to add Global Wellington and Global Wellesley Income Funds flintnational FIRE and Money 13 01-02-2018 07:31 PM
Global Debt Clock donheff FIRE and Money 7 09-27-2009 02:58 PM
Campaign will raise awareness on Global Warming & Global Health Wags Other topics 13 04-03-2008 06:33 AM

» Quick Links

 
All times are GMT -6. The time now is 08:31 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.