[lbo-talk] stupid and disgusting

123hop at comcast.net 123hop at comcast.net
Thu Aug 4 13:31:25 PDT 2011


Well the markets were certainly not impressed. Coming apart at the seams a bit, which is not surprising given the amount of accumulated stupidity in the system.

I noticed the Swiss and the Japanese are both devaluing their currencies, which goes to show KC Liu was right a few years ago when he said that no currency could win in a global neo-liberal regime. Just a race to the bottom.

Joanna



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