In A Hole  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 395 no. 8688 (Jun. 2010), page 14.
Topik: Stagnation; Default or Inflation
Fulltext: In a hole.pdf (581.61KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.61 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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THERE is an old joke about a stranger who asks a local for directions and gets the cheerful reply: “If I wanted to go there, I wouldn’t start from here.” That advice sums up the dilemma the developed countries face in dealing with their debt. They have accumulated a mountain of it at every level, from the personal to the corporate and the sovereign. As this special report has shown, this was encouraged by a legal system that sheltered debtors, a corporate and financial sector that used debt to boost its returns and a cultural change that made it more respectable.

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