Jim Rogers frown on bail out as is the case with Spain. Bankrupt companies should be allowed to go under for them to come healthier and stronger. It happenned to NY and Mississippi and are still around. Companies with risky practices should fail.
Bonds prices for Spain is priced at 7% which is high and very likely to be unsustainable.
Financial Pain in Spain
Jim Rogers: Economic Bankruptcy Isn't End of the World
Why am I posting this?
Is this relevant to the PHL?
Is this useful for entrepreneurship?
Is this relevant to AGSB entrepreneur students?
No comments:
Post a Comment