Re:India’s banking system is flirting with a Lehman moment
by suff on Saturday November 10, 2018 @07:12AM
(#18421014)
The phrase, "cleanest shirt in the laundry basket" comes to mind. Relatively speaking, the US is in a much better place than others, even if it isn't perfect.
Re:India’s banking system is flirting with a Lehman moment
by Tsubasachan on Sunday November 11, 2018 @03:53AM
(#18425539)
There are countries in the EU who manage budget surpluses. Its why the EU can bail out Greece and soon Italy. Its not impossible.
Re:India’s banking system is flirting with a Lehman moment
by JohnJamesRambo on Saturday November 10, 2018 @09:05AM
(#18421366)
Cryptocurrency will replace the dollar. A world currency free of any nation’s policies is too attractive. Transferring all your wealth to it allows the rich to escape all these massive debts that have been accumulated by governments and the financial system. This flip will be quite violent as the money moves from one sector to the other and is called hyperbitcoinization, although I don’t believe bitcoin will necessarily be the actual coin used.
I am no fan of carrying enormous amounts of debt. I critically disagree with the United States economic and fiscal policies of the last twenty years, including most quantitative easing initiatives.
But if you think the AAA credit rating is somehow fake or corrupt, no metric-driven analysis that even remotely resembles fairness would agree with you. Only theories like "the music will stop" do.