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I read that it all came down to public perceptions. If they don't buy the doom and gloom, they'll spend and that will be hope. If they believe it, then things will go according to these predictions.Debt is a realtive term. Instead of borrowing billions, if Gordo were to waive all personal credit debt and we start over, it would give a huge boost.Radical, yes but why not?
I don't know what the consequences would be for savers; but maybe we should all start again. I'd like to see the details first!
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