Comments on: From Currency War to Trade War

By: 24K

24K — Wed, 20 Oct 2010 18:10:51 +0000

Dave from France

Are you Dave in France typing from france or are you Dave born in France?

I did want to mention comments (I thought i'd wait till i was sober or it wasn't the middle of the night)

I'm new here and not an economist but if it stinks like and looks like, it's odds on it is $£!t.

G mentioned once that nobody commented for a few days and he was suicidal. And blogs look better when there are loads of comments, Testa's slagging off Rich GB and some people just talking about the best way to spend christmas day. (eating pizza, why spend all day cooking? Go see the relatives and have a meal the day before or after)

I think it gives the thing a life of it's own, like facebook without the C.I.A. It may cheapen the argument though, i don't know, you will have to decide that.

G if you want me to turn the volume down i can but i'd rather everybody else turned the volume UP. (i go up to 11)

Ya get me?

By: Golem XIV - Thoughts

Golem XIV - Thoughts — Tue, 19 Oct 2010 21:22:05 +0000

It is going to get nasty now! Banks are starting to atack each other in America and shares are sliding in the tech sector.

Now would be the moment for currency war to escalate to trade. Once it does we have the perfect storm.

By: dave from france

dave from france — Tue, 19 Oct 2010 20:10:40 +0000

Rob -- thanks for the good link !

Golem -- spot on . Nice to see a few new commenters here too . . .

It's been some long time that controls on capital movements were obviously needed .

Getting on for forty years ago, Economics 101, I was disturbed to see no mention of Power in econ relationships. One of the exceptions was a book by André Gunder Frank - something like " Capitalism and Underdevelopment in Latin America" -- must look it out . Rather topical .

Now to peel some garden spuds :)

By: Golem XIV - Thoughts

Golem XIV - Thoughts — Tue, 19 Oct 2010 18:33:34 +0000

Rob,

thanks for the Micheal Hudson link. He looks interesting.

By: Rob

Rob — Tue, 19 Oct 2010 17:33:44 +0000

Michael Hudson was talking about this a week or two back. He basically said that Brazil should create its own credit on it own computer keyboards rather than letting western credit flood its markets. Oh yes, and try and avoid the financialisation of its economy. I notice that he has another article on Brazil at the top of his 'blog' but I haven't had time to read it yet.

What can you say to countries like Brazil and India except DON'T LISTEN to our advice?

By: 24K

24K — Tue, 19 Oct 2010 16:57:27 +0000

This is from the C.I.A. Fact book.

Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors,

After record growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in September 2008...

However, Brazil was one of the first emerging markets to begin a recovery. Consumer and investor confidence revived and GDP growth returned to positive in the second quarter, 2009. The Central Bank expects growth of 5% for 2010.

Brazil seem in a better place than us or the US.

And they have banging carnivals.