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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (39900)	11/3/2010 11:46:34 AM
From: Jurgis Bekepuris	Respond to of 78748

Well, if you say "probably closer to 1%" then we agree on the probability. In terms of tools, I think we are talking about tools for different purposes. I was talking about tools to manage the budget deficit, clean up the balance sheet and strengthen the perception before things slide into panic. It seems that you are talking about tools to deploy when panic occurs. If that's the case, you are somewhat right. If there is a panic, the only tool to use would be a bailout by rest-of-the-world where EU+??(Canada/Australia/China/Brazil)?? do emergency stabilization through money injection/treasury purchases. So I don't think we disagree at all. I just wanted to stress that 1% scenarios should be always qualified by "very unlikely to occur". Otherwise people panic just because of possible panic. ;)