Thursday, September 8, 2011

Regular corporate debt is it like household debt or hi fi outfit debt

Obviously bank and other hi fi sector debt is special

But what about the debt of actual production companies ?

To the extent they are tied to their own hi fi balloons the tangle
Often becomes nearly impenetrable

One thinks of the Japanese system of hifi nucleated production and marketing groups

To scale back household debt ratios is an obvious part of restructuring
But regular corporations debt burden needs a look see too eh?

As for the hi ifs themselves it's a hall of mirrors not worth a Boston fart

The effort to preserve the fine structure here is a sick joke

They need resolutions of the renditioning variety en mass