Thursday, December 13, 2012

"No Fiat Left Behind" - Natural Extension of the "Bill Black Conundrum"

commentary by Roger Erickson

The Bill Black Conundrum was postulated by Bill a few years back, in an email exchange, and has been extended at least once before as a celebrated oxymoron. Now it's been extended yet again, by the same oxyM sources. They certainly are industrious, even if dense.

Every country's Fx rate will be above average,
..Every country will be a net exporter,
Everyone's fiat will be "balanced"
.... and now ..... everyone's S&P Rating will be below average!

S&P threatens UK rating downgrade

Perhaps the US Congress will pass a "No Fiat Left Behind" bill?

1 comment:

Roger Erickson said...

and everyone's living standard will be below average too?