That was deemed by the market place as a bit of a positive sign, regarding the Italian debt mess.
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Where were they when just about everyone was sure that the European debt mess was going to bring down the global recovery?
Same thing for the housing bubble and the European debt mess.
However, the EU debt mess has not just disappeared and the matter will likely re-emerge as a major market place concern at some point down the road.
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Can anybody stop the credit-card companies changing the rules after the game has started (and before the economy turns down, and the full extent of the debt mess becomes clear)?
So, given the idea that the economy is improving, traders are able to avert their attention from the misery that is the European debt mess and get into the holiday spirit.
The bears continue to cling to the idea that the European debt mess is going to evolve into a crisis of debt contagion and bring down the global economy in the process.
Traders Friday are once again realizing the EU debt mess has not just disappeared and the matter will likely re-emerge as a major market place concern at some point down the road.
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Europe, though, is already in a recession and, while the risk of a break up is minimal, will need to recapitalize banks and beef up the safety net the EFSF and ECB provide to sovereign bond issuers to get through the sovereign debt mess.
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Even if Germany agreed to common Euro-bonds (which it so far adamantly opposes), it would remain challenging to find enough buyers of such debt to finance the current mess.
Will President Obama saddle future generations with the debt necessary to clean up the mess, since to bankrupt BP would be to kill a company too strategically important to fail?
And there are serious financial problems still to be resolved including on-going sovereign debt issues in Europe, the budgetary mess in Washington, continued weakness in American residential housing, and a seriously overextended U.S. commercial real estate sector.
The only thing they do agree on is taking us back to more spending, more borrowing and more debt - exactly what got us into this mess in the first place.
The Conservatives said excessive borrowing and debt under Labour had led to the current financial mess.
Most public firms are in a mess, over-staffed and deep in debt.
"Instead of facing up to the difficult decisions, all Labour offer is more spending, more borrowing, and more debt - exactly how they got us in to this mess in the first place, " he added.
As they put it, the student loan system, is a mess because, at its current rate, aggregate student debt is doubling every seven years (and growing much faster than other forms of debt which traditionally dwarfed student loans), student loan default rates are rising, and a large portion of student borrowers is in poor financial shape, even after graduating from college.
The government, underwriting 56% of Sanral's debt of 38 billion rand, has been left with a big financial mess.
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Conservative Party chairman Grant Shapps said the plans meant more spending, more borrowing and higher debt levels and this was "exactly how Labour got us into this mess in the first place".
Both companies deeply mess with notions of value and even the nature of currencies and debt.
The key here is that the markets have been concerned that the mess in Greece might wind up producing an actual default of sovereign debt.
"The only plan Labour have is more of what got us into this mess in the first place - more spending, more borrowing and more debt, " he added.
"Today's conservatism is completely wrapped up in solving the hideous mess that is the federal budget, the burgeoning deficits, the mammoth federal debt, the shortfall in our entitlement programs, " he said.
Even as the massive spending and debt levels of the Reagan years worked so well to pull the economy out of the 70s mess, there were setbacks, the 1987 market crash, the 1990 recession.
We likely could layer on yet more debt in a good cause, but it would be insane to do so for the half-baked mess we were served last night.
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