(including this last comment)
Thanks for your support. In the long run, we're all dead. John Maynard Keynes
This is a good source of funds for clients that have good projects but no enough money (or want to share specific risks, like political risk in some countries). In the long run, we're all dead. John Maynard Keynes
But I think you are doing a very old fashioned kind of banking that is inherently less profitable to the bank than large scale lending in liquid markets where risk models can replace all that tedious research.
I've never understood why they don't use the reserve requirement at all, and why they let some risks being fractionned and repackaged the way they currently are without introducing stricter regulations.
If you're a monetarist and want to control both inflation and unemployment, you need two monetary policy instruments, not just one. Bush is a symptom, not the disease.
As I wrote on the dKos thread, the tragedy of our times is that inflation has now exclusively become 'wage inflation'. Trichet was pilloried for mentioning asset bubbles and not dropping M3. In the long run, we're all dead. John Maynard Keynes
The only thing the ECB acts upon is rasing wages.
That's called lip service...
M3 has been out of target by a factor of around two since the creation of ECB (IIRC).
I have the same thing: humour is a kind of transactional method for trying to change life as you see it. I don't see what I am doing now as something to really change the world, but as something that does check how the world is - in a very small corner of the world.
From the professional point of view. I know how to produce movies and TV series to a budget, and I sort of know whether they will 'open eyes' or not. I am never sure, but I do my best. For me the best rewards have been letters or communications from people that say things like "The absurdity of what you are doing gives me hope".
That about sums it up. You can't be me, I'm taken
I think, in purely personal terms, most of us DO, internally, have a sense of black and white - but socially that is seen as a shade of grey. A negotiation between these two viewpoints is actually what society is about. You can't be me, I'm taken
I have never joined anything in the past, because I don't like people speaking on my behalf, and saying things that I don't believe in, or have not yet thought about. I'd rather fight my battles one by one, than have someone fight my battles for me using methods I do not agree with.
But in the case of ET I am happy to have ET speak on my behalf, and for Jérôme to speak on my behalf. I have never been the slightest bit ashamed of anything said here. Because if you would examine the record of what has been said about any subject, you would realise that ET is essentially transitional, in that views are being moulded and changed by interaction, rather than museified by assertion. You can't be me, I'm taken
