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If I understand it right -- and I'm an economist, not a trader, so maybe I don't -- this is the doomsday scenario, the one that puts the banking system at risk.

The "Send lawyers, guns and money" one.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Jan 21st, 2008 at 11:33:27 AM EST
[ Parent ]
The banking system is not at risk.

It's fucked.

We are looking at Japan 2.0 - in Spades.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Mon Jan 21st, 2008 at 11:39:37 AM EST
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