I'm starting to think all this world geopolitical and econ stuff is soooooo out of reach for most Americans. Heck, 57% can't even name a SINGLE supreme court justice. (sidebar - how the heck did we become the greatest economic nation in world history with a completely ignorant population?)
But, even though they're too clueless or bothered to notice the causes, Americans are sure as hell going to notice the effects.
Japan's shift away from its ultra-loose monetary policy is the latest in a series of central bank moves creating jitters in financial markets but which may mean a healthier global economy, analysts say.
Markets have recently been roiled by growing concerns about actions by central banks in the United States, Japan and Europe to curb some of the almost-free cash that has been fueling economic growth.
Roach said the current environment has seen huge capital inflows to the United States, keeping interest rates low and fueling a boom in consumption of imports from around the world.
"A US consumption shock would be especially worrisome in that regard -- a development that would reverberate quickly into Mexico, China, Asia's China-centric supply chain, and even a China-linked Brazilian economy," Roach said.
March 10, 2006
Angst grows over end of 'easy money' policies
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6 comments:
could some0ne please flow some of that free cash my way, I seemed to have missed the money train while watching the simpsons, rather family guy.
hahahah
"how the heck did we become the greatest economic nation in world history with a completely ignorant population?"
MORALITY - Nobody in the world is more morally fit than an American. It is our morallity that allows a city like Las Vegas to florish.
Do you think anyone would ever trust a French snake the way the world trusts that Mormon dealer?
A country founded on deep religious values is a country that does not have to police itself the way the British have to. The policing destroys business oppertunity.
I assume you are referring to Stephen Roach,of Goldman Sachs? He is one of the brightest economists on Wall Street. Although he has been a bear for years, his views on Macro- economic issues are insightful and worth reading.
He has been pounding the table for the last two years that China and the BOJ will puke from the amount of US debt they have been fed. This is unfolding as we speak.
bor-ring
Keith --
I attempted to contact you by email but that Word Perfect install blocked my attempt. Actually, I'm a big fan of your Housing Panic Blog.
Please contact me at newspudit@yahoo.com.
Want to share some important news about predatory lending scams with you privately.
A country founded on deep religious values is a country that does not have to police itself the way the British have to. The policing destroys business oppertunity
Morality and religion are not synonymous. The fact that you cannot spell the words "flourish" and "opportunity" proves the author's point. We are a nation of rich dumbasses.
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