To: gregor_us who wrote (19269 ) 3/29/2009 5:49:53 PM From: axial Respond to "Actually, the monetization has now started at precisely the juncture where a shortfall has started to appear in inward capital flows."expect monetization to start, isn't it? It still doesn't mean that all is lost.right to claim that there's great danger - there's danger that the immediate crisis can't be resolved, and even if it is, longer-term risks after that.possible that drastic steps can save the US. By that I mean slashing entitlements, raising taxes, jacking up the economy, and downsizing spending. If these steps are not taken, then as the Chinese say the world will see US economic policies as being "unsustainable"."It's already started, actually. But you know, it's the start of the dynamic so everyone has calmed themselves by taking the advertised intention of monetization as comfort: you know, "to get interest rates lower." own risks - but again, they're attempting to stave off a crash.
