and the stock markets go down the tube again.
Coincidence?*
(*probably)
Wednesday, October 15, 2008
Conservatives win another election...
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About Me
- Lord Kitchener's Own
- I'm originally from Kitchener, Ontario (hence the name, I'm LITERALLY "one of Kitchener's own") and I now work and live in Toronto.
1 comment:
Unfortunately we are seeing the market oscillations Asian has been seeing since the spring. Asian was hit very hard early one because of the massive amount of US dept purchased to compensate for the massive trade deficient and fixed exchange rate.
We are now just seeing the effects bounce around the world. This is not over it is just beginning. Last week was not the crash. The crash will occur when the US cannot borrow money to pay its interest, the moment demand for US T Bills falls.
If we are lucky the banks will keep buying the US T Bills. So dumping money into banks so they do this is not such a bad idea.
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