Thursday, 15 September 2011

The Heat Of Financial Volatility

Very nice I like very much

Turns out the sneaky Chinese government finally came out of the closet by professing that in return for buying European bonds, the EU should reciprocate by granting them "market economy" status. Pretty smart eh? I've always known that the Chinese are a bunch of sneaky people. I've always had a sense of respect for them, until this Korean guy I met told me about his opinion on the country and its government. It all came much clearer when he reminded me of the country's kanji characters; "中国", where "中" means "centre / middle" and "国" refers to country. Get it? They see themselves as the centre of the world.

On another note in relation to the current Global Financial Meltdown; the one that has been hogging all of my blogspace of late to a point where I cant find any other shit to write about since its all over the news, Steve Forbes openly criticized Barrack Obama's stimulus package by quoting Japan's experience in dealing such matter; that they have had 15 stimulus packages in the last 20 years, and the outcome? Nothing. Frankly, I couldn't agree more on this but there are vast macro and microeconomic characteristics between United States and Japan (some discussed here), so a set of stimulus measures which doesn't work in Japan, might work in United States and vice versa.

The funny thing I find about this whole ordeal is how America keeps telling Europe to get their shit together but they can't even handle their own problems. This entire charade is too politically intertwined; stimulus package is tied to America's next General Election, Europeans can't think as a united entity and China is buying debts not for investment purposes, but for political gains. It's like the whole world is a fucking stageshow!

Think about the people you twats.

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