nun

Are U.S. Markets About to Get Drilled?

You have it backwards. China got itself into this mess with currency policy. Now it complains endlessly about an undervalued dollar. If they didn't behave this way, the "imbalances" would have corrected themselves already years ago.


On Oct 05 08:41 AM rick12345 wrote:

> The only reason the US wants a stronger yen and Yaun is because it
> encourages spending, thereby reducing savings (in Japan and China
> that is). You got yourselves into this mess, don't expect Asia to
> get you out of it. Tax consumption like the rest of the world if
> you want to reduce your deficit.

U.S. Debt Burden: Negotiate, Inflate or Repudiate?

I can read this quote 2 different ways. Which is the author implying?

"...the American goverment claimed that Cuba’s debt had been incurred without the consent of the Cuban people, so foreign loans had helped to finance oppression and weren't legitimate. Maybe the Chinese have been studying 19th Century American history..."

Fiat Money and a Profligate Congress: A Bad Combination

Please take a look at what happened around the world when the UK tried to return to a gold standard.

Has Irrational Anguish Unduly Decreased Asset Values?

Actually the author has a point.

X dollars is more painful as a loss than it is satisfying as a gain. (This idea led to a Nobel prize recently). It's entirely conceivable people are over-reacting on the downside just as they over-react on the upside.