tag:blogger.com,1999:blog-11719208.post5761019659176720917..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: A dollar based on "perception"Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11719208.post-70541869370581416852009-06-18T22:06:59.067-07:002009-06-18T22:06:59.067-07:00There is one other reason why 1930 is different th...There is one other reason why 1930 is different than today.<br /><br />Today China is where US was in 1930 where as US currently is where Europe was in 1930.<br /><br />So Chinese stimulus - a keynesian strategy - makes sense. <br /><br />US following that strategy does not. Because A) It means extra load on china to keep buying US treasuries<br />B) It props up dollar leading to no job increase!<br /><br />Nice videoRahul Deodharhttps://www.blogger.com/profile/13354874480198485819noreply@blogger.com