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Author Topic: Interesting article on the debt crisis in historical terms  (Read 3520 times)

Balog

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Interesting article on the debt crisis in historical terms
« on: August 08, 2011, 12:03:26 PM »
http://blogs.the-american-interest.com/wrm/2011/08/08/the-game-of-thrones-returns/

Many of us on this forum have lived all or most of our lives post WWII so this is a good reminder that the last 70 years are somewhat anomalous.
« Last Edit: August 09, 2011, 10:29:27 AM by JamisJockey »
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Quote from: French G.
I was always pleasant, friendly and within arm's reach of a gun.

Quote from: Standing Wolf
If government is the answer, it must have been a really, really, really stupid question.

Doggy Daddy

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Re: Interesting article on the debt crisis in historical terms
« Reply #1 on: August 08, 2011, 01:28:51 PM »
Was that supposed to be a linky?

DD
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Balog

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Re: Interesting article on the debt crisis in historical terms
« Reply #2 on: August 08, 2011, 01:39:31 PM »
Yep. That's the url of the page, not sure why it's showing up as a link.
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Quote from: French G.
I was always pleasant, friendly and within arm's reach of a gun.

Quote from: Standing Wolf
If government is the answer, it must have been a really, really, really stupid question.

Regolith

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Re: Interesting article on the debt crisis in historical terms
« Reply #3 on: August 08, 2011, 02:03:11 PM »
Quote from: Balog on August 08, 2011, 01:39:31 PM
Yep. That's the url of the page, not sure why it's showing up as a link.

You're missing the http:// part.
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Balog

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Re: Interesting article on the debt crisis in historical terms
« Reply #4 on: August 08, 2011, 02:18:44 PM »
Huh, must be an anomaly with the way it comes up in my phone's browser. I just cut and pasted.
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Quote from: French G.
I was always pleasant, friendly and within arm's reach of a gun.

Quote from: Standing Wolf
If government is the answer, it must have been a really, really, really stupid question.

CNYCacher

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Re: Interesting article on the debt crisis in historical terms
« Reply #5 on: August 08, 2011, 02:31:31 PM »
Use the "Insert Hyperlink" button on the post toolbar.  It's the one with the blue globe underneath the U button

blogs.the-american-interest.com/wrm/2011/08/08/the-game-of-thrones-returns/
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On two occasions, I have been asked [by members of Parliament], "Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?" I am not able to rightly apprehend the kind of confusion of ideas that could provoke such a question.
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Jamisjockey

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Re: Interesting article on the debt crisis in historical terms
« Reply #6 on: August 09, 2011, 10:29:59 AM »
Super mod to save the day!
 :-*
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CNYCacher

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Re: Interesting article on the debt crisis in historical terms
« Reply #7 on: August 09, 2011, 10:58:39 AM »
Quote from: JamisJockey on August 09, 2011, 10:29:59 AM
Super mod to save the day!
 :-*

Hip hip, hooray!
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On two occasions, I have been asked [by members of Parliament], "Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?" I am not able to rightly apprehend the kind of confusion of ideas that could provoke such a question.
Charles Babbage

Monkeyleg

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Re: Interesting article on the debt crisis in historical terms
« Reply #8 on: August 09, 2011, 11:03:37 AM »
So, when is the discussion of the article going to start? ;)
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zxcvbob

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Re: Interesting article on the debt crisis in historical terms
« Reply #9 on: August 09, 2011, 11:09:16 AM »
Quote from: Monkeyleg on August 09, 2011, 11:03:37 AM
So, when is the discussion of the article going to start? ;)
Thread drift.  (I tho't you'd be used to that by now)
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roo_ster

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Re: Interesting article on the debt crisis in historical terms
« Reply #10 on: August 09, 2011, 11:36:32 AM »
Quote from: Balog on August 08, 2011, 12:03:26 PM
http://blogs.the-american-interest.com/wrm/2011/08/08/the-game-of-thrones-returns/

Many of us on this forum have lived all or most of our lives post WWII so this is a good reminder that the last 70 years are somewhat anomalous.

Quote
This changes everything.  For two generations markets have mostly thought of risk in terms of tame risk: the risk that an asset might lose some of its value, the risk that a particular counterparty might not fulfill its side of a transaction.  But now we are back to the world of real risk or wild risk: the risk that a currency might disappear, the risk that a major government (as opposed to the occasional banana republic) might default on its debts, the risk that a financial crisis could erupt and that no government, no central bank could limit its scope or temper its impact.

Interesting times.

I suspect markets have not yet included that risk.  When they do, expect the market/investors to demand greater return for the increased risk they take.
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wmenorr67

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Re: Interesting article on the debt crisis in historical terms
« Reply #11 on: August 09, 2011, 01:25:38 PM »
What I really like is China bitching about our debt in one breath and the very next buy up more.
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Re: Interesting article on the debt crisis in historical terms
« Reply #12 on: August 09, 2011, 10:29:33 PM »
Good for the Chi-Coms maybe wwe can bankrupt them like Reagan did the USSR? [ar15]
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