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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (25132)3/8/2005 7:11:32 PM
From: benwood  Read Replies (1) of 116555
 
KT, that Korean finance minister getting ousted reminds me of the white house pencil pusher who was more or less ousted because his calculation of the prescription corporate welfare price tag was way too high. Because physical world reality diverged from the neo-con reality (they create their own realities, you know!), zap!! However, in the real world, denial didn't alter the outcome (if anything, it made it worse).

I view it as a stroke of luck that the new dollar policy leaked out of Korea at all, not that their stance (nor anybody else's for that matter) is a surprise. The real surprise has been the the length of the game. I suspect a lot of "diplomacy" was focused to end that finance ministers career.
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