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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (22833)4/7/2005 12:15:39 PM
From: sea_urchin  Read Replies (1) of 81384
 
> no catastrophe is anticipated in the coming six to nine months. So I am not yet totally pessimistic (2)

Another article stating much the same and coming to a similar conclusion -- nothing is going to change anytime soon -- the US will keep spending, printing and borrowing. Asia will keep selling and lending.

economist.com

>>Unfortunately, like much good advice, these recommendations seem to have little hope of being implemented any time soon. The political pressure in Asia to subsidise exports with low exchange rates is intense. Interest rates in Japan have been near zero for four years, giving the central bank little room for additional action; meanwhile, the European Central Bank seems to be preparing for a rise in interest rates this autumn, to keep inflation near its target of just below 2%, which will hardly do much for demand. And in America, the political will to reduce deficits seems to be all but extinct.

Given all these reasons to worry, it might seem surprising that both the IMF and the World Bank are broadly optimistic about the world economy. But as they point out, growth in 2004 was robust, and the world is currently enjoying high levels of macroeconomic stability.<<
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