Econs !

Hmmmmm, my speculation was not so wrong after all. hahaha.
this is to prove to my friend who do not agreed to what i said 1 month ago. :
taken from nst :

“The US economy is undercapitalised.


An internal solution is usually one form of debt replaced with another.


The current proposals fall into this category.


“When the shell game runs out of options, printing money is the only way out. That will eventually lead to the US dollar collapsing and hyperinflation in the US economy.” From Xie’s standpoint, countries with big foreign exchange reserves, such as China, Japan, Kuwait, Saudi Arabia and the United Arab Emirates, should talk with the US and then “swap their US dollar assets in debt instruments like treasuries for equity assets like stocks”.

i am not an idiot after all. hahaha
ok more down here.

The US is reluctant to let foreigners become majority owners of its big financial institutions. But it may discover that it does not have a choice.


As Xie said: “The US still has an unrealistic view of itself. Even though the US is the largest debtor in the world, it behaves like the largest creditor. Americans may need much more hardship to change their attitude.” As for China, it should realise that self-interest dictates that it do everything possible to help resolve this global problem. All countries are in the same boat and no one can be shielded indefinitely from its ramifications.

( taken from Frank Ching in NST column )