Comments on: Recovery failure – The shape of Double Dip Politics https://www.golemxiv.co.uk/2010/06/recovery-failure-the-shape-of-double-dip-politics/ Author of THE DEBT GENERATION Thu, 06 May 2021 15:37:19 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Golem XIV - Thoughts https://www.golemxiv.co.uk/2010/06/recovery-failure-the-shape-of-double-dip-politics/#comment-410 Sat, 05 Jun 2010 12:40:07 +0000 http://www.golemxiv.co.uk/2010/06/recovery-failure-the-shape-of-double-dip-politics/#comment-410 At first everyone wanted the bail outs. Bill Gorss of Pimco nearly crapped himself when he thought TARP wasn't going to be passed. He was one of the 'end of the world' unless you pass it people.

He wanted the banks and some of his investments made whole. But now he and the ereast of teh Bond market are getting worries that the continuous bailouts will undermine the value of the currencey's in which their bonds are valued.

The banks still want more bail outs. The bond market are no longer so sure. Ideally they would bpoth like more bail outs IF savage enough cuts can be forced on people to compensate. But the more countries look like they may default on what they owe the Bond market then the more the Bond buyers get nervous.

The immediate worries of abnks and bond markets are no longer identical.

]]> By: Liam https://www.golemxiv.co.uk/2010/06/recovery-failure-the-shape-of-double-dip-politics/#comment-409 Sat, 05 Jun 2010 09:48:40 +0000 http://www.golemxiv.co.uk/2010/06/recovery-failure-the-shape-of-double-dip-politics/#comment-409 Isn't it in the interests of the dudes on the bond markets to avoid global meltdown and continual bailouts? What is the benefit to them of perpetuating this cycle through their annoying lack of confidence?

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