World

No help needed

by PIM of SPAIN | March 7, 2009 at 08:05 am

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Jobless rates keep rising. Old hats are still in charge, they don't need fresh insight to tackle the depression. Are still thinking it is a recession and keep the market and banks flooding with fiat money. Now the Central Banks even worse start with Quantity Easing! This is "monetizing the debt." Because the bank takes in debt, and turns it into cash. Just simple like that. Its like another printing press to print money!

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Paschen

at 08:14 on March 7th, 2009

Wile they are printing NGO's and the Red Cross as well as the Food Banks could use some Cash from the Banks and Bail out "scam". (For Lack of better words.)

PIM of SPAIN

at 08:26 on March 7th, 2009

Sorry you are too late Paschen the money already went to AIG four times in a row, after discovering each time that the company was in worse shape than before. You apparently did not pay attention to that fact? The rest of the world's lenders (China, Japan) are idiots too, but of a different kind. Simplified the world's credit markets in 2009 works like this: the world's lenders are eager to make loans to the world's biggest debtor USA because they don't trust anyone else. The world's biggest debtor, meanwhile, lends to the people private lenders don't trust, more specific: the borrowers who can't pay the money back.

Roy C

at 10:57 on March 7th, 2009

Yes, they are idiots, too. Right on target as a perception.

China thought that having a fixed currency would keep its goods cheap and protect its industries. Instead, now, China's customer, the US population, doesn't have any money and China itself is in recession, a country that needs to grow 6% a year just to create enough jobs for its university graduates.

PIM of SPAIN

at 11:51 on March 7th, 2009

The whole world is either in recession or already in a depression. 6% growth for China will be a tough target to meet, when in the rest of the world sales are falling; profits are collapsing; dividends are disappearing; stock prices are plunging. The World enters a dire state!