This is a big subject… with many moving parts… so let’s go slowly. Step by step… piece by piece.
There’s a long, bumpy road ahead... But at least, we think we know where we’ll end up.
The first barely began… the second, not at all... And, finally, we come to reason No. 3...
But wait… surely there’s some way out… a way to slow down… and get back on track.
But wait, can nothing be done to prevent the coming train wreck? Why can’t debt just be “written off”?
“Thank God we don’t live in Paris or Argentina,” you might say to yourself. But that’s just the point;...