tag:blogger.com,1999:blog-5713178645208582139.post5494014510635629469..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: My Response to Martin WolfDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-68393524668194149712010-06-28T03:25:33.306-05:002010-06-28T03:25:33.306-05:00There is one thing, that throws a spanner in the w...There is one thing, that throws a spanner in the works!<br />If there is a lot of bad debt in the banks.<br /><br />Banks loathe to take losses, as it will reduce equity.<br /><br />A loss is a loan, that is not serviced. As interest rates are ludicrous - bad loans can be financed idefinately.<br /><br />Losses will either show up in B - that is if there is an honest write off of losses, which Anonymousnoreply@blogger.com