[FoRK] Someone reassure me

HK Pang hkpang at gmail.com
Sat Mar 28 06:41:38 PDT 2009


Is this reassuring enough?

http://zerohedge.blogspot.com/2009/03/chinese-are-coming.html

Mr Luo, a director general at the China Banking Regulatory Commission,
added: “We hate you guys. Once you start issuing $1 trillion-$2
trillion [$1,000bn-$2,000bn] . . .we know the dollar is going to
depreciate, so we hate you guys but there is nothing much we can do.”


On Mon, Mar 16, 2009 at 3:00 PM, Corinna Schultz
<corinna.schultz at gmail.com> wrote:
> Based on reading this link,  I wonder if there's a potential war in
> the offing if the political solution fails...  Could things really get
> that bad?
>
> http://www.businessweek.com/the_thread/economicsunbound/archives/2009/03/a_simple_guide.html
>
> Summary: because of the massive foreign investment in our economy in
> recent years, resolving the problem requires international political
> cooperation. There's a conference planned for later this year to try
> and work this out. He ends with this quote:
>
> "The best actual marker of the progress of the financial crisis is not
> stock or real estate prices, but rather how well international
> cooperation holds up."
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