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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (15342)	3/14/2007 6:19:02 AM
From: elmatador	Read Replies (1) \| Respond to of 217890

The best thing of the Asian meltdown was the demise of the relics of the Bretton Woods: The World Bank and the IMF “which simultaneously became unpopular in developed countries and developing countries have become more assertive, and nations are increasingly turning toward regional or bilateral FTAs (Free Trade Agreement) as an alternative to global institutions. Many nations learned from this, and quickly built up foreign exchange reserves as a hedge against attacks, including Japan, China, South Korea. Pan Asian currency swaps were introduced in the event of another crisis. However, interestingly enough, such nations as Brazil, Russia, and India as well as most of East Asia began copying the Japanese model of weakening their currencies, restructuring their economies so as to create a current account surplus to build large foreign currency reserves Now see the result of the Asian crisis: “This has led to ever increasing funding for US treasury bonds, allowing or aiding housing (2001-2005) and stock asset bubbles (1996-2000) to develop in the United States. As you can see there’s always a crisis casing a party in the US. Guess why I keep saying that everyone wants a flight for “quality”