Thursday 9 December 2010

Well y'er tis our next crisis! Cheap Debt Fuels Private-Equity Revival - NYTimes.com

Filter down economics does not work very well. What caused our international competitive crisis was just that, competition. The competition was fed by too much liquidity and so our wise monetary authorities have increased liquidity thereby increasing the need to compete and creating the very vicious cycle of making the economy messier and messier to manage with bigger and bigger firms gobbling up bigger and bigger firms. Nobody seems to think that feeding the competitive urge to increase the scale of buying and selling assets might just be at the root if our disharmony.

Government action is pushing us deeper and deeper into greater and greater crisis. Would that the policy makers dared read a few economic history textbooks!

http://dealbook.nytimes.com/2010/10/28/cheap-debt-fuels-private-equity-revival/


Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.

at

YOU HAVE REACHED WOOH'S STREAM
The Internet User's Best Kept Secret

Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!