"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Monday, September 05, 2005

One from the archives

04/08/04 The Economic Consequences of the War on Terror
THE BIG BANG THEORY – The Bigger the Bang, the Louder the Silence by Edward Teague

"The National Weather Service in the US expects a major Hurricane every 70-80 years. One is overdue. If a Force 4 or 5 step Saffir Simpson hurricane force scale hits the Gulf of Mexico this year, the impact on gas and gasoline supplies in the US will make 9/11 look like a tea party in terms of economic cost to the US economy. An economy already saddled with massive and rising double deficits on trade and internal budgets. Interest rates will rise, the dollar dive further and electors will freeze in their November homes, just when they are about to go out and vote. Alex, the first in the new season's Atlantic alphabetic tagging, a puny 90 miles per hour hurricane started the season rather late this week off the Carolina coast – keep watching!"


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