The Debt Delusion
In the twenty-first century, corporations delude themselves that their operations are capitalist. In fact the high levels of debt, based on dubious assets reflect qdebtismq not qcapitalism.q Over the ages, debt has crippled countries and economies, companies, large and small, because of biased optimism by lenders and borrowers. Debt is the most common global financial risk and needs to be controlled at Board level, even before trained executives endeavour risk management. The Debt Delusion provides a history of money and debt that should lead all Directors and executives to study recommended ways to manage debt. Management of debt will be extremely important in 2008.In modern practice, of course, the computer does these calculations, which are standard in most technical analysis software packages. The monthly price movements might show some erratic movement although the trend is noticeable.
| Title | : | The Debt Delusion |
| Author | : | Will Slatyer |
| Publisher | : | Universal-Publishers - 2008-02 |
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