Great graphic !
I won’t link to the very strange article it comes from (it violates my “No linking to shite policy”)but I liked the graphic above.
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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December 16th, 2008 at 9:35 am
that’s a great starting point..
a little simplistic though..
People may do well to wonder what is ‘missing’..
tho, just for my own sense, the ‘chick’ in ‘the Cartel’, is that Sallie “Paycheck” of Citi-fame?
and, who’s the ‘dude’ at the far right of that group?
December 16th, 2008 at 9:45 am
Its a site that does a blame CRA for all of this — and doesn’t allow comemnts
December 16th, 2008 at 11:59 am
Some representation of the regulators (Cox) is warranted along side easy Al.
Also where are the rating agencies. Maybe need a additional level called criminals.
December 16th, 2008 at 12:15 pm
Is your “No linking to shite policy” conflicting with rule #1 of blog linking etiquette?