Barry! Barry! Barry!

[IAN 2411]

Snark, i understand what your saying but sooner or later the Chinese are going to dump paper on the market whether you like it or not, it happened in the UK with the American banks and we are now up to our necks in debt. It will take a long time to recover but when we do the UK will be a lot stronger country. Surely it is better for the Americans to push button when they know they can mannage, rather than the Chinese doing for their gain when they might not be able to. Shit happens with money and finance because its a gamble, so is life, but like life if you have the operation early when the complaint is first diagnosed you get better that much quicker.

Be well IAN 2411

[leo9]

Snark, i understand what your saying but sooner or later the Chinese are going to dump paper on the market whether you like it or not, it happened in the UK with the American banks and we are now up to our necks in debt. It will take a long time to recover but when we do the UK will be a lot stronger country. Surely it is better for the Americans to push button when they know they can mannage, rather than the Chinese doing for their gain when they might not be able to. Shit happens with money and finance because its a gamble, so is life, but like life if you have the operation early when the complaint is first diagnosed you get better that much quicker.

The problem with economics is that if you know an economy is riding for a fall, and you do something about it, you get blamed for the tough consequences. If you wait till it falls down by itself, you can take the credit for picking up the pieces.

Years before the crash, plenty of economists were pointing out that sub-prime debt was running the US economy over a cliff. But if Bush had done anything to rein it in, he'd have been blamed for the resulting slump. Like 9/11, better to ignore the warnings and let it happen, then take credit for reacting.

Considering the complaints that Obama isn't rebuilding fast enough from the Bush crash, one can only imagine the howls if he slowed down the economy by taxing Chinese imports.