I think Peter is stating a good point. If the decline is prolonged, assets can leave the country because we're all playing the game globally. The country becomes poorer and poorer if the government prolonges the decline. On the other hand, if all those companies fail, are you prepared to deal with drastic unemployment, say 50%? I think he's right though, it's better now than later.
I think Peter is stating a good point. If the decline is prolonged, assets can leave the country because we're all playing the game globally. The country becomes poorer and poorer if the government prolonges the decline. On the other hand, if all those companies fail, are you prepared to deal with drastic unemployment, say 50%? I think he's right though, it's better now than later.
franchescadelncy 2 years ago