alt.politics.economics
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From: Video61@tcq.net
Date: Monday, September 17, 2007 1:28 PM
Subject: Re: There's roughly $ trillion in asset-backed commercial paper filtering through American markets. These are the notes that are connected to mortgage-backed securities (MBSs) that no one wants and which have NO MARKET VALUE
On Sep 17, 8:39 am, Cl...@ wrote:
> On Sat, 15 Sep 2007 22:03:09 -0700, Vide...@
> wrote:
>
> >The days of the dollar as the worlds reserve currency may be drawing
> >to a close. In August, foreign central banks and governments dumped a
> >whopping per cent of their holdings of US debt. Rising
> >unemployment
> >and the ongoing housing slump have triggered fears of a recession
> >sending wary foreign investors running for the exits. China, Japan and
> >Taiwan have been leading the sell off which has caused the steepest
> >decline since 1992.
>
> Wow, just think what would happen if loonytarian
> principles of no government intervention would
> apply-----ruin and chaos.....
>
> Thanks to republicans, democrats may get another 50
> years of majority rule and bring america back to
> greatness like they did after the GOP ruined us in the
> 30's
yea, you could be right. the only problem with the democrats are,
they to have been infiltrated by the austrian/chicago/calgary schools
of libertarian type of cranks. clintons economic team were full of
looneytarians. and so is the present clinton. we need to clean house.
we do not need another rubber stamp.
