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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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FT: Germany warns US on market bubbles
Germany’s new finance minister has echoed Chinese warnings about the growing threat of fresh global asset price bubbles, fuelled by low US interest rates and a weak dollar.
Wolfgang Schäuble’s comments highlight official concern in Europe that the risk of further financial market turbulence has been exacerbated by the exceptional steps taken by central banks and governments to combat the crisis.
Read it all.
Filed under: * Economics, Politics • Economy • The U.S. Government • Federal Reserve • The United States Currency (Dollar etc) • * International News & Commentary • America/U.S.A. • Europe • Germany
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Drunk on the bailout money freshly fleeced from the working class, I believe that those which this article was intended to reach will not hear the warning or heed it if they do hear it. They will not see the error of their profligacy until the hangover. Intoxication, the ingestion of that which is toxic, clouds the judgement and dulls the mind. As most everyone knows, there are many many avenues to intoxication and averice is certainly one of them.
November 22, 8:56 am | [comment link]