Comments on: The crisis isn’t global, it’s peripheral Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: Gotthardbahn Wed, 01 Dec 2010 16:51:07 +0000 Thanks for an upbeat – and realistic – take on recent developments. The gloom trade is WAY overdone, and the time is long overdue for some optimism.

By: shivers1 Wed, 01 Dec 2010 10:32:44 +0000 A highly optimistic view. Just conveniently forgot the
– high level of debt of US consumer
– high level of debt of the US govt and EU govts.
– high level of muni debt
– high unemployment in US and Europe
– austerity programmes in western economies
– high inflation in bric and measures they are taking to cool down and pop some bubbles.
– banks who would be insolvent if they had to mark to market especially with housing in western economies showing no sign of stabilising.

QE2 has given the US consumer some spending power, there is too much criticism from everywhere for there to be a QE3 or 4. Just printing some money to get a burst of good economic data and a blip up in stock markets doesnt change anything

By: charlesv Tue, 30 Nov 2010 23:27:18 +0000 Peripheral? Rigggggggght. Just like the Bank of the United States was peripheral, or Credit Ansalt, or Bear Stearns or Lehman, I can keep going if you’d like.