During this unprecedented crisis, in which we have landed ourselves by overstretching our debt load, a number of us are looking for ways out of the debt hole we dug. Most solutions include finding ways to cut debt.
Correct you say!!! Not so fast. Some consider this to be the wrong solution to our problems. What is clearly needed is to reach out and get as much debt as possible. Here’s some choice quotes from the article.
"From a funding standpoint, 2009 is already done," said CEO J.Immelt as he announced that within a few month he intends to finish up with the 2010 debt target and get started with 2011. His team is working around the clock to finish up on 2011 and get some of 2012 done before 2009 is up. No plans were announced on the earnings side of the equation.
1 comment:
It's indeed amazing! We are trying to fight a crisis caused by excess liquidity and excess leverage with even more liquidity and leverage...
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