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


To: TobagoJack who wrote (20979)8/9/2007 9:04:03 PM
From: Kid Rock  Read Replies (2) | Respond to of 218913
 
Message 23776608

I think this guy agrees with you.



To: TobagoJack who wrote (20979)8/10/2007 8:55:50 AM
From: Ilaine  Read Replies (1) | Respond to of 218913
 
Thanks for the good wishes. As I have mentioned recently, I am quite busy lately with bankruptcies, which is good for my own bottom line.

Are we looking at 1929 redux?

Since China is trying to have it all three ways on the Mundell-Fleming trilemma by deliberately crashing the dollar, yes, of course.

Mundell-Fleming is inexorable.

You can have any two of the following three, but not three:

1. Fixed rate of exchange.

2. Free flow of capital.

3. Central bank control of public policy through monetary policy.

Which leg of the trilemma is going to break for China? #1, is my guess. That's the weakest one anyway, which is why we never use it ourselves.

Which is going to set up nonlinear interest rate dynamics and macroeconomic instablity that nobody can control, or even predict.

But I'm too busy to really keep a close eye on it.

Just a little extra time before court this morning.



To: TobagoJack who wrote (20979)8/10/2007 9:17:02 AM
From: Snowshoe  Read Replies (1) | Respond to of 218913
 
>>Russia resumes nuke bomber sorties<<

US deploys new F-22 "Raptor" fighters...



Four of the six F-22 fighters that arrived at Elmendorf Air Force Base, Alaska, fly over the base Wednesday, Aug. 8, 2007. The first of 40 F-22 Raptors landed on Elmendorf Air Force Base, making it the first base outside of the contiguous U.S. to house them. When their arrival is complete at the end of 2008, the base will be home to more than a fifth of the Air Force's Raptors. (AP Photo/Al Grillo)