There is now general agreement that economics and finance were equally culpable in getting us to where we are now; the global slump. If packaging toxic receivables in to asset-backed securities was a finance ’cause’ then several countries herding in to invest in them was the economic ‘effect’. Both suffered in the process: several global brand names in business disappeared overnight whilst the richest of the nations found themselves debt-trapped.
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Debt-Rimental Decisions!
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