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

To: Haim R. Branisteanu who wrote (41769)	10/24/2008 7:04:25 AM
From: dybdahl	Read Replies (1) \| Respond to of 218126

I'm quite sure that there is a huge change of advisors going on behind the closed doors. When Iceland got into a major crisis, many people in Denmark made fun of it, because it was a kind of hybris-nemesis. However, the people in Iceland are hard working skilled guys, and fortunately some people with healthy opinions were able to change the attitude almost immediately, towards "let's help them as much as we can". The basic problem in Europe is, that many banks have grown too big for one country, but not too big for EU. However, EU doesn't have the necessary systems ready to help out banks, so what's the solution? Should we reduce the max bank size for each country or should we ignore systems and just help each other? Europe chose the last option with Iceland. If USA needs to be saved, it will require more than just a few countries that cooperate, but I am quite sure that most European countries will be willing to sacrifice some in order to save the Americans. I don't know about China, but if China needs to choose between losing their dollars or getting some of them, I'm sure they will want to get some of them.