tag:blogger.com,1999:blog-1341105382602182419.post312076597003834196..comments2023-10-25T08:42:15.125-07:00Comments on Economist/Banker: Worst is yet to come---By Shan SaeedShan Saeedhttp://www.blogger.com/profile/02787485287146561831noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1341105382602182419.post-83430315038775470082012-01-21T18:34:53.016-08:002012-01-21T18:34:53.016-08:00Couple of things here.
This parasitical rent-see...Couple of things here. <br /><br />This parasitical rent-seeking, fruits of labor snatching, economic structure started to take its hold from the 70s. Global confidences from restored by Volcker. Thats all. It was just confidence. Look fact of the matter is, you can have all the confidence but that doesnt fill your stomach. Game of confidence is tied to credit bubbles created by either/and central/commercial banks.<br /><br />Diluting money forces capital to a more stable platform. Its the flip side of Gresham's law. Thats why Capital started to flow to East.<br /><br />Last time the US govt played with Treasury bonds. This time they will try to play with IMF SDRs. I dont know if it will work. I think it will. As long as oil is tied to dollar, dollar is going nowhere!<br /><br />But the world has a heck to pay for this. Heck I tell you!Anonymousnoreply@blogger.com