2009/2/6 Luiz Felipe <[email protected]>: > Bob, hope you're right and I'm wrong about Obama... He's a politician too. > > Early in the crisis, BR was not so hardly hit. Then economic clown makes a > telly speech "there is no avoiding the crisis". Same day exchange rates > explode, just in time for the arrival of some billions (US$) of > international credits. 10 sec on the tv changed the BR equivalent of that > credit by more than 40%. Since that loan is a long time issue, they're not > really worried about paying the extra interest.
Bob W just introduced me to a new word in another thread; groupthink. It seems to me that somehow the whole world economy is hinged on groupthink by stock traders. It seems that whatever the rest of us do, we must by all means stimulate their positive thinking, or else they will go skittish and bring down recessions on us in their fear of losing money on the short term. It also seems that they respond to each other's actions like a dense school of fish. Since psychology is such an obvious part of it all, it makes me think that what the economic system needs most is a good shrink, not more monetary facilitation. Jostein, stepping down from his soapbox. -- http://www.alunfoto.no/galleri/ http://alunfoto.blogspot.com -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
