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> dont much care who the creditor is Lol, your credibility just sunk to zero, sorry. Debts only matter insofar as the creditor is likely to call it in. If I ha
by toyg 3y ago
> dont much care who the creditor is
Lol, your credibility just sunk to zero, sorry. Debts only matter insofar as the creditor is likely to call it in. If I have a debt with someone who will never want the money back, does the debt matter at all?
This is basic stuff.
- incomingpain 3y ago>Lol, your credibility just sunk to zero, sorry. Debts only matter insofar as the creditor is likely to call it in. If I have a debt with someone who will never want the money back, does the debt matter at all? Japanese pensioners never want the money back? They plan to work forever? My credibility eh?
- toyg 3y agoThey don't plan to live forever either, they cannot just sue to get their money back from one day to the next, nor do they have many alternatives for their investments. That makes Japanese debt predictable and easy to service - unlike international institutional debt, which is what creates problems in most other major economies.