What will happen in the US when the asset bubble in Asia bursts & China starts demanding payment of our debt?
Posted on Nov 29, 2009 under Currency Trading Tool | 8 CommentsThe primary lesson from history is for countries to co-operate in making assessments that distinguish their situations, avoiding one-size-fits-all “exit strategies”, and cautioning against currency or trade protectionism. Debates about new financial regulatory structures should not distract governments from using tools they have to counter these emerging risks. These will be the challenges for the Group of 20 nations in 2010. The G20 had better put asset price bubbles and new growth strategies on its agenda. Otherwise, the solutions of 2008-09 could plant the seeds of trouble in 2010 and beyond.
http://www.ft.com/cms/s/0/5ad7fe3c-d933-11de-b2d5-00144feabdc0.html?nclick_check=1
Armeggedon is Obama spelled backwards.
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