History also suggests that countries that experience a period of debt deleveraging following a credit boom use a combination of three methods -- income growth, paydown or, writedown.
The paydown, the new labor agreement, and the improving operating results enabled the company to refinance most of the remaining debt, consolidating eight separate securities into just three.
So how is it that debt repayment is better than investing for this reader, but just the opposite is true when comparing a mortgage paydown to retirement investing?