American Economics Thread
- Thread starter Bernard
- Start date
After the 2008 financial crisis, they never cleaned it up. They never passed any laws to prevent such things, and the game they played on Wall Street continued.
In order to clean it up, first they must understand, even on just a rudimentary level, what happened?
So I give a lot of credit to the reporter to use such phrasing of the sentences. It is like instant replay.
Touchdown!
The kick is good!
Okay, more seriously now, that is why the game is rigged.
See what is happening here? Forget about the systemic risk, that is someone else's problem. Your problem, or our problem, is our own ass. What are we going to do?
What we are going to do, is first try to understand what is going on.
Clearly, what is happening here, is more leverage is being introduced into the financial system, via these Wall Street shenanigans.
So, what is the Fed going to do? They see all of this too.
The Fed will provide liquidity, to prevent any defaults.
It is what that man Eric Li said, that in the west, capital is above the government, while in China, the government will always be above capital. Just like ancient timez.
It is quite okay. Credit Linked Notes is hot this year...the yield is like 300-400bps above the yield the banks lent out the lender. Its only for accredited investors though. Wont blow up like the mortgage baked securities derivaties in 2008.
LOL on the first paragraph:
"The has kept the , but it’s coming at a big cost: Americans are piling up record credit card balances, and more and more are falling behind on those payments."
I am waiting for someone run another report with the opening similar to this:
"The US government has kept the US economic engine running, but it's coming at a big cost: the government is piling up record debts, and more and more in need of new debts to service the old ones."
