Judging by the comments, it seems many of you share my interest in understanding the recent economic news, at least Juha does. So I will continue covering that. Yesterday, my brother Carlos, who works for BNP in Europe sent me this story: Apparently we are seeing a dumping of US related assets by what is speculated to be... the Chinese. . Forget the computer attacks, Asia's sovereign funds dumping US assets would have a real impact on the economy. Credit and liquidity crises are not new and, when they turn bad, they turn bad. In 1929, the liquidity scare sparked a bank run. Banks didn't have enough cash and were defaulting, accelerating the mad dash and "bank-run" to get your money out while there was still liquidity. Then, the real economy wound up with no credit, and we all know the sad story from there. 2007 isn't like 1929. It isn't an "end-consumer" bank run. You and I are not going to the corner bank to take our savings out. Our confidence ...
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life can end anytime...
Bon, je tourne 40 dans 15 jours. Compassion infinie...
Ceci dit j'ai 40 et absolument rien construit de ma vie. Là je vais coder un truc de m... alors qu'il est 11h du soir.
Donc, never complain never explain :-)
Bonnes 40 prochaines années
All the best for the next 40 years. Hope they are as good as the first 40