tag:blogger.com,1999:blog-1039161489041752842.post7413870011196838696..comments2024-03-16T08:04:53.086-05:00Comments on Dredd Blog: Phase Five Of The Currency Wars?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1039161489041752842.post-19802763909464701492010-02-12T10:25:28.349-06:002010-02-12T10:25:28.349-06:00disaffected,
Poppy Bush talked about voodoo econo...disaffected,<br /><br />Poppy Bush talked about voodoo economics but it took his protoge Bush II to bring us VOODOO economics.<br /><br />The spell has been cast upon us and it remains to be seen what we will turn into.<br /><br />Probably a <i>banana republic dictatorship</i> of sorts, selling military hardware cheap.Dreddhttps://www.blogger.com/profile/15673418865926403671noreply@blogger.comtag:blogger.com,1999:blog-1039161489041752842.post-75292700843390436112010-02-12T09:57:31.886-06:002010-02-12T09:57:31.886-06:00Funny how soon we forget eh? Only this time last ...Funny how soon we forget eh? Only this time last year we were still wondering when we'd hit bottom, and now, only after mass infusions of Treasury debt mainlined straight into the banking system, the talking heads on Wall St and D.C. pronounce the recession "over." I suppose that we should be happy that at least some of them are quasi-apologetic about the lack of jobs to go with it (or the fact that state governments don't have the same access to the Fed money printing machine).<br /><br />With or without the coming commercial real estate debacle, our goose was probably cooked anyway. With it, we can at least speed up the process a little, and better assess the total systemic damage. This may be a "band aid" case, where the best medicine is just to rip the lid off quickly, suffer the momentary agony, and get about the business of cleaning up the mess.<br /><br />Unfortunately, Obama and the Fed have already shown their colors with last year's bailouts. That said, even the US Treasury's pockets aren't infinitely deep, so we'll soon see where those policies takes us well. At the very least, the days of the dollar's status as reserve currency are almost certainly numbered. Could sovereignty be close on its heels as well?<br /><br />I wonder if Wall St has devised any trading options for that yet? I'm betting they have, and the market is almost certainly growing.NowhereManhttps://www.blogger.com/profile/12745173041874539711noreply@blogger.com