A bailout defective by design

Publié le par borneo

There has been a loud cry of joy on the market when  they have been told average joe will be the one to take on the mud of Wall Street.

But if politicians still believe they  can make it, the market came at reason in a fews hours : the bailout is defective by design.

We have been told that some of this junk for 700 millions dollars, but one or two billions more are expected by observers, will be auction in secret room. Every six months there will be a report.
No transparency is a key of this meltdown, the polson's bailout solution is more obscurity.
Fears and uncertainty that doesen't work, it's a bailout defective by design

With thousands people from the bank and insurance compagnies lay off, with a very fews of them getting bonuses, who can believe there will be any secret in town ?
scandals, fears and uncertainty... that doesen't work, it's a bailout defective by design.

A country with a huge debt will have in ordinary time to offer a premium on the interest rate. The value of the junk debt of the bailout will, on the opposite, be dropping as the rate climb. So the federal reserve will be in a very hard position to keep  a major role on the stage

fears and uncertainty that doesen't work, it's a bailout defective by design.

A slipping dollar, almost everyone agree, means there will be some inflation from oil and imports goods. With a declining income, how joe will pay the new taxes for the bailout ?
fears and uncertainty that's doesen't work it's a bailout defective by design.

Ours european friends will pay for us they said: with a strong euro they will buy more from us. A strong euro but a harsh recession with massive layoffs don't expect much of the rich nefews overseas.

fears and uncertainty that's doesen't work it's a bailout defective by design.




this is my first block of text in plain english (!). Sorry for the inconveniences.

Best regards to all.


Publié dans Economie

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