[lbo-talk] Blood on the Floor Deepens

[boddi satva]

But Comrade Redmond, this blows up your BRIC thesis for good.

Look at what the sovereigns are moving TO

http://blogs.cfr.org/setser/2008/09/17/no-one-wants-to-hold-risk/

They are giving away interest payments just to hold on to their dollars,
because there is a dollar shortage.

And now the sovereigns and central banks are having to prop up their own
markets.

http://blogs.cfr.org/setser/2008/09/18/the-scale-of-central-bank-and-sovereign-fund-intervention-in-global-markets-has-been-breathtaking/

On Tue, Sep 16, 2008 at 5:31 PM, <dredmond at efn.org> wrote:


> Looks like the sovereign wealth funds and Eurobanks are powering up the
> satellite pulse weapons:
>
>
> http://blogs.cfr.org/setser/2008/09/16/the-flight-from-risky-us-assets-continues
>
> The trend began at least a month ago, but I strongly suspect there's a new
> element in the equation: the prospect of the MacChurian Candidate and Mrs.
> Paleiselin coming to power, the finest government that a low-rent Georgian
> thug and a braindead Alaskan oiligarchy can (and did) buy. My best guess
> is, Wall Street will twist painfully in the wind until the election, when
> it becomes clear which regime wins out -- neolib restoration, or neocon
> suicide.
>
> -- DRR
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>

-- 
peace,

boddi

http://financialroadtosocialism.blogspot.com/