Yesterday’s call between US Secretary of State Mike Pompeo and Director of the Office of Foreign Affairs of the Communist Party of China Yang Jiechi clearly went even worse than thought.
What i can't get my head around is, proper preparation and failing that, proper virus fight, would have cost far less than the two trillions already announced around the developed world....testing kits dont cost that much! surely!!! What kind of people are running the free world atm?
You are not being too pessimistic Bill. Am afraid that this virus has made papering over the structural issues, both international and domestic, be it east or West, almost impossible. A watch word, SWFs from oil sensitive countries and America's Asian trade partners (including China)...see if they start forced redemptions and repatriations...
There s still the small matter of arresting the spread of the virus....without which, no amount of money printing would be enough. Or does that not enter the consciousness of folks such as your good self?
Oh dear...it is indeed what u focused on that is revealing of the inner workings of a mentality like yours, both in your first and your second posting.
What i can't get my head around is, proper preparation and failing that, proper virus fight, would have cost far less than the two trillions already announced around the developed world....testing kits dont cost that much! surely!!! What kind of people are running the free world atm?
You are not being too pessimistic Bill. Am afraid that this virus has made papering over the structural issues, both international and domestic, be it east or West, almost impossible. A watch word, SWFs from oil sensitive countries and America's Asian trade partners (including China)...see if they start forced redemptions and repatriations...
Forgot to mention, aggressive pump priming would make such redemptions easier...question is, is that good or bad?
There s still the small matter of arresting the spread of the virus....without which, no amount of money printing would be enough. Or does that not enter the consciousness of folks such as your good self?
Oh dear...it is indeed what u focused on that is revealing of the inner workings of a mentality like yours, both in your first and your second posting.
U seem rather lost. Certainly lost me.