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  • Wall Street Breakfast: Must-Know News [View article]
    Shooting yourself in one foot is bad enough, but doing it with a JFK magic bullet that punctures both feet at once, is a skill unworthy of praise.

    The A$ has risen on the back of the carry trade winging it's way to the outback at a rate of knots. It's QE by the back door, nothing to do with a recovering economy.

    And how exactly are they going to get rid of this carry trade, without harming the currency, by lowering rates, especially if they have to raise rates to dampen any future inflation, due to the stimulus packages that have been introduced.
    Oct 06 15:22 pm |Rating: 0 0 |Link to Comment
  • Why We Were Right Not To Nationalize the Banks [View article]
    There is a mistaken belief that a lot of west european industries were nationalised at the end of WW2.
    They weren't. All that happened was a lot of industries vital to national economic recovery following the war, were clapped out, and unfit for purpose.

    They were taken under state control, that's all.
    The old owners were paid compensation, not taken outside and shot.

    If anybody believes, that any western economy can survive today, without the same exercise being repeated, then it is time you read the writing on the wall.
    Oct 05 14:56 pm |Rating: +2 -1 |Link to Comment
  • Preview from Europe: Bulls on Holiday [View article]



    On Aug 12 06:47 AM manya05 wrote:

    < Complete agreement with you in that the Fed announcement <today will have absolutely nothing of substance to rock the boat.

    It is not as if they have to do anything to rock the boat anyway, the weather is rough enough already.
    Aug 12 12:59 pm |Rating: +2 0 |Link to Comment
  • 2008: Year of the Global Recession [View article]
    Hindsight is a wonderful thing.

    What is your foresight telling you?

    Smartarses are ten a penny at the moment.
    Feb 03 12:33 pm |Rating: +1 -1 |Link to Comment
  • Guaranteeing Assets vs. Obligations: The Swedish Model [View article]
    Whenever the reactions of Sweden and Japan to their 90's economic problems are discussed, everybody ignores the fact that the world economies were in a different state then.

    Both countries could sell products to a world with demands to be met, they survived in a world that no longer exists.

    I don't see the "healthy" world economies, which will make our emulation of Japan and Sweden's example worthwhile.

    This plan B seems of little merit anymore. Ceteris Paribus has left the building.
    Jan 19 08:22 am |Rating: 0 -1 |Link to Comment
  • What Do We Need In 2009? More Failure [View article]
    Your article can be reduced to a soundbite.

    "Greed is good, failure is the hors d'oeuvre".
    Jan 01 08:11 am |Rating: +1 -6 |Link to Comment
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