Monday, November 8, 2010

http://www.nytimes.com/2010/11/08/business/global/08debt.html?pagewanted=1

http://www.nytimes.com/2010/11/08/opinion/08krugman.html?partner=rssnyt&emc=rss

Think strategic default.  It is probably not yet time for action.  A short note to your banker might be in order.  You might be able to negotiate.

Krugman has been very correct for years. When he has erred it has been on the side of hope.  Mondays post is not hopeful.  The url is the second one.

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