Gregory Orr

Moody's Doomsday Default Scenario Doesn't Play Out

Where's the revenue growth? Can we really expect profit growth to be driven by cost-cutting, and layoffs, indefinitely? Seems like we're in a massive "extend and pretend" market, with oodles of juicy euphoria heaped on, but I don't see significant signs of revenue growth in the broad market. As global stimulus effects abate, we're basically left with inflation and default as exit strategies to the debt mountain...