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I can only assume you are talking about hard asset based debt... What if there is no collateral, or hard assets? Like the majority of consumer debt? Or corporat
by 12xo 7y ago
I can only assume you are talking about hard asset based debt... What if there is no collateral, or hard assets? Like the majority of consumer debt? Or corporate debt?
- Mikeb85 7y agoMost consumer debt is mortgage debt which is backed by assets. Most corporate debt is backed by assets. But this is government debt we're talking about anyway, which can always be repayed due to money printing. The cost is in inflation and sentiment.