this may seem a bit simplistic but there seem to be two camps out there
those who think they can control the ups and downs in the cycle and those that can't
the "we can do nothing" types reckon the central bank controls and government spending don't work, in fact if anything they make things worse.
by lowering interest rates and spending all it does is create excess liquidity and economies go from one bubble to next
soros, faber and rogers are firmly in this camp
soros says if the G20 doesn't work we will have a depression
I would say that he has virtually worked out that the G20 won't work and that we will have a Great Depression
hope he is wrong
I reckon there is enough excess liquidity in the system now to halt it
the next question is where will the next bubble form
Probably in food
- Forums
- ASX - General
- soros-if g20 fails global depression ahead..!!
soros-if g20 fails global depression ahead..!!, page-7
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)