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2009-01-29 Home Front Economy

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Posted by tipper 2009-01-29 11:00|| || Front Page|| [1 views ] 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.

Posted by Danielle 2009-01-29 11:53|| 2009-01-29 11:53|| Front Page Top

#2 We must be cutting into his ~~empire~~ holdings for this whine. Maybe there is a silver ~~stake~~ lining to the 'interesting times'.

Posted by Procopius2k 2009-01-29 12:42|| 2009-01-29 12:42|| Front Page Top

#3 Maybe he's 'fishing' to be some kind of official "International Financial Policy Secretary Wonk Czar" for BO.

He already has a hold on the puppet strings, why not the purse strings?

Posted by Mullah Richard 2009-01-29 12:58|| 2009-01-29 12:58|| Front Page Top

#4 Why has Soros not been sanctioned by now. He has to have enemies by the legion. His security must be really good.

Posted by Chuckles Slomble8094 2009-01-29 13:06|| 2009-01-29 13:06|| Front Page Top

#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.

Posted by Zhang Fei 2009-01-29 13:25|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2009-01-29 13:25|| Front Page Top

#6 For someone who acts smart, he really does not get it.

What a scumbag - our "overloard" is.

Posted by newc">newc 2009-01-29 16:15|| 2009-01-29 16:15|| Front Page Top

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