I agree with you but it isn't going to happen. We are the very strange situation where actually paying for things doesn't matter. It is all about the exchange of goods and promises to pay later. It is all an illusion. This is the closest we'll ever get to "free money" for an orgy of comsumption. With the new age financial engineering, no one really knows where all that debt is or who will eventually pay. Disney is on the hook for a chunk of UAL debt and when UAL goes bankrupt, DIS shareholders will take it in the neck and any money market fund that are holding DIS's commercial paper if it gets downgraded. It's frightening but this the wonderful world of Greenspan's structured finance that passes risk on to people who didn't even know they were exposed.
Richard W.