RSAAKS

This Recession Will Be Anything but Deep

Even if the money going into the banks is used to retire debt, that money flows into the pockets of lenders. The only debtor who is piling up debt, is govt and everyone else, who receives the funds from debt repayment will have to buy something with the funds. ONly govt can retire debt and vaporize money, people-sovereign funds-hedge funds or any one else getting money from debt retirement gets cash. Will they put that cash in a cave for a rainy day?? Not likely, they will create the next bubble, only I don't know what bubble will be created next, since all assets have now been deflated.