Author: Revolutionar

what is wealth?   [Copy link] 中文

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Post time 2011-8-14 20:37:06 |Display all floors
Originally posted by St_George at 2011-8-14 16:43



I strongly recommend you look up Cambridge economist Ha-Joon Chang and his views on American/Anglo capitalism.



I have watched this.


democracynow.org/2009/3/10/economist_ha_joon_chang_on_the

Economist Ha-Joon Chang on "The Myth of Free Trade and the Secret History of Capitalism"


what it says is Developed countries have freedom of choice and can choose whatever policies that suit them. That means QE 3, QE 4 and QE infinity until infinity or until it cannot be done anymore. I think that is the right policy.

People seems to forget. The FED's responsibility is to USA not China, not anyone else.

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Post time 2011-8-14 20:38:28 |Display all floors

Reply #21 lebeast's post

you are starting to get it. Be more bullish. Good for you.

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Post time 2011-8-14 20:49:54 |Display all floors
what we have today is an issue of European risk. , not US sovereign risk.

But I see this as the equivalent of the HK 1997 financial crisis when hedge funds attack HK and want to attack France, Germany now with a widening in CDS premiums.

As in HK, the hedge funds will lose again. France, Germany working together with G7 and China and G 20 governments will defeat the hedge funds. You can be bullish for the governments of Europe.

[ Last edited by Revolutionar at 2011-8-14 08:51 PM ]

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Post time 2011-8-14 22:35:43 |Display all floors
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Post time 2011-8-14 23:06:44 |Display all floors

Reply #26 seneca's post

the best job in the world is to be a banker. Unless you are a Steve Jobs.

and next best job in the world is to make friends with bankers and take money from the bankers. hahahahahahahahahaha

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Post time 2011-8-15 03:42:20 |Display all floors
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Post time 2011-8-15 03:49:53 |Display all floors
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