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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (9)	3/8/2017 12:38:52 PM
From: philv	Read Replies (2) \| Respond to of 13801

Good article, which raises a lot of questions. I wonder what Niall Ferguson would say about this new US administration under Trump. Trump wants to re-create America in it's old image, bring back manufacturing jobs, spend much new money on the military and infrastructure, while lowering taxes all at the same time. And to add to what seems to be conflicting objectives, the FED Reserve has indicated it will raise interest rates soon, which would further strengthen the US dollar. A strong dollar does not support job creation. But of course these conflicts could be over shadowed by external US events, such as the break up of the E.U. Far too many imponderables for me.

To: elmatador who wrote (9)	3/8/2017 1:48:05 PM
From: ggersh	Read Replies (1) \| Respond to of 13801

yikes and my first thought was the whole assumption is wrong. low interest rates had nothing to do with China buying although it might have helped somewhat. and then not mentioning how China was able to buy treasuries wasn't even explored. Moreover, the American political system has repeatedly proved itself capable of producing leadership in a crisis—leadership not just for itself but for the world. Both Franklin Roosevelt and Ronald Reagan came to power focused on solving America’s economic problems. But by the end of their presidencies they dominated the world stage, FDR as the architect of victory in World War II, Reagan performing a similar role in the Cold War. It remains to be seen whether Barack Obama will be a game-changing president in the same mold. But Americans voted for him in the hope that he is. Would Obama have won without the credit crunch, which destroyed what little remained of the Republican reputation for economic competence? he might want to rethink this aspect of america hegemony! What america did was sell highly leveraged garbage to the rest of the world as "yield" had become a magical mystical cure all for WS/HedgeFunds/PE anything NYC centric. and when one hedge failed they all failed hence the next sentence. after all he writes that $550bil had been paid off then stating that the markit where all the defaults occurred, not sure he realizes they defaulted was worth $58tril