2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 467.03

+2.5%

Feb 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Golconda who wrote (60615)	2/2/2010 11:45:14 AM
From: Cogito Ergo Sum	Read Replies (1) of 220123

Seems to be another article that assumes evils in the US system are somehow 'less evil' than those in the Chinese system... A few things could be cited but how about: The commercial banking system remains under political control. As a result, capital is misallocated. In the early 1990s banks funneled cheap loans to state-owned enterprises. The resulting losses were vast — an estimated 40 percent of loans were later deemed nonperforming — and were socialized by a government bailout. Whatever profits these loans generated remained in private hands. Sounds a lot like TARP and bonuses.. but being made in America I guess it is less bad ? OTOH.. Beijing has decentralized many powers since Deng Xiaoping’s reforms commenced three decades ago. This has been beneficial for economic growth. However, it has also created the opportunity for local elites to line their pockets. Certainly a problem.. OTOH.. China doesn't have 'earmarks' which render many bills impotent if not completely unrecognizable.. A media comment prevalent after Mr. Obama's speech up here in Canada was sure bt let's see what it looks like (if we can even recognize the budget ... after all the pork barreling) Maybe Canadians are simply too cynical on the US process ? TBS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next