“You have to get enough spending going to get private enterprise interested in taking chances on investing.” -Economist, Thomas Worsely
It's too bad that we need a 97-year old economist to tell us what we need to do. Shows you what they teach (and don't teach) when it comes to economics these days!
Read article
here.
like I pointed out before - we are pegged to a Chinese fixed currency - for the cheap purchase of poisoned toys and tainted seafood.
ReplyDeletenow china is making deals with argentina to circumvent using the dollar - so they can buy genetically modified soy from south america.
krugman points out the dollar trap the chinese are in
http://www.nytimes.com/2009/04/03/opinion/03krugman.html?_r=1
i wonder if the fixed yuan is going to make them implode like argentina did when they fixed their peso 1 to 1 with the U$D ??
there are big differences between argentina and china - namely that argentina did not acculmulated any foreign based assets - much the opposite, but the chinese's safest investment the USD Tbill seems to be what they are trying to undermine ? look out for expanding and contracting Fed Reserves as their buffer against bank risks ???
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