#1
Per the graph in the article, the US seems to be working its way up the chart. We seem to be outperforming all the other industrialized regions. (Damn those Americans!)
Posted by: Frozen Al ||
01/29/2009 11:33 Comments ||
Top||
#1
Here we have it in writing, folks. Soros dictating monetary policy and blaming it all on the US, with a global solution:
Finally, the international financial system must be reformed. Far from providing a level playing field, the current system favours the countries in control of the international financial institutions, notably the US, to the detriment of nations at the periphery. The periphery countries have been subject to the market discipline dictated by the Washington consensus but the US was exempt from it.
How unfair the system is has been revealed by a crisis that originated in the US yet is doing more damage to the periphery. Assistance is needed to protect the financial systems of periphery countries, including trade finance, something that will require large contingency funds available at little notice for brief periods of time. Periphery governments will also need long-term financing to enable them to engage in counter-cyclical fiscal policies.
#5
Here we have it in writing, folks. Soros dictating monetary policy and blaming it all on the US, with a global solution:
Specifically, he's complaining because emerging market stocks (in which he had long positions) went down further than US stocks (which he shorted). I think it's an ideological bet that the West (specifically the US) is doomed and the sky's the limit for anything outside of the West. It's an idiosyncratic way to trade, and he's certainly entitled to do what he wants, but he's nuts to think that we're going to go out of our way to make his trades profitable.
#1
Its like this: 4 of ya sitting around, you and another are playing a game of chess, a buddy and another are sitting around watching. You are winning the game hands down when your buddy gets to talking to you - you get done listening turn back around and there is a pawn on the board which wasn't there; you're sure of it but your opponant insists it was there. OK, fine, still winning.
Game continues and the two spectators start a ruckus and you look to make sure it isn't a fight. Turn back around and suddenly there are 2 bishops on black tiles. WTF you say but can't prove otherwise, pressing on you continue to win but game starts to even. With the 2 spectators now constantly jabbering in your ear you see your opponant add a piece to the board during a move. Now you got'em you think but the spectators say they saw nothing.
You know you are being had. Your opponant is obviously cheating. Problem is the spectators say otherwise (one of which was supposedly your friend and really in on it) - that is one problem, the other is that you had placed a $10k wager on the game and are now losing.
Next illegal budget spending bill passed means new rule during game; loser pays extra k for each piece winner has remaining on the board.
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