Friday, September 05, 2008

The Paper Dragon, post Olympics...

Much like my incessant posting of articles on the EU/$ cross, I will likely not post any more news relating to my "Paper Dragon" thesis. It appears that the liquidity crunch started on NY time and rotated counter-clockwise across the planet. The EU first, now Asia.

This article is the opening salvo of their putative problems.

Now the central planners have some explaining to do and difficult choices to make. Economics is the cause of most of the world's upheavals.

If a country with over a Billion people could not find enough spectators for Olympic events, I doubt they will be able to engineer a recovery out of this malaise.

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