Like the conventional wisdom that house prices can only go up? Or there's no more boom and bust? There is no conventional wisdom, it's all speculation, especially as it tends to play out over generations and not political terms.
We've got a strong communist partially planned economy in a capitalist market, which has a currency that's got a weird valuation from a centrally planned bank fighting a currency war.
And that bank is deliberately manipulating the price of the dollar.
When has it happened before? So what wisdom can there be?
To say that it's FUD and that the Fed isn't going to at least consider what to do about that and they are going to always stick to a particular course regardless of the actions of the Chinese seems premature.
How the hell can anyone know what's going to happen? Or how the Chinese are going to act in the next 5-10 years?
Comments
Like the conventional wisdom that house prices can only go up? Or there's no more boom and bust? There is no conventional wisdom, it's all speculation, especially as it tends to play out over generations and not political terms.
We've got a strong communist partially planned economy in a capitalist market, which has a currency that's got a weird valuation from a centrally planned bank fighting a currency war.
And that bank is deliberately manipulating the price of the dollar.
When has it happened before? So what wisdom can there be?
To say that it's FUD and that the Fed isn't going to at least consider what to do about that and they are going to always stick to a particular course regardless of the actions of the Chinese seems premature.
How the hell can anyone know what's going to happen? Or how the Chinese are going to act in the next 5-10 years?