Trust collapse in the compartment is concerted (since positive-feedback). Such periodic collapses (driven by the exponentially widening gap between accrued interest and subexponential growth of underlying economies) are built-in into our economic system.
And guess what, we're overdue for a new one. It will probably start with the U.S, and drag down the rest of us with it. I would be dearly love to be wrong about this one, because it typically takes some 15-20 years to regain the losses. This would do very bad things to tigers/dragons, and of course China and India foremost.
And we sincerely hope that piece of text will not be quoted any time soon with the words, "I told you so" attached.... Deepa. On 2/6/07, Eugen Leitl <[EMAIL PROTECTED]> wrote:
On Tue, Feb 06, 2007 at 05:12:39PM +0530, Udhay Shankar N wrote: > "What happens in the cartoons when Wile E. Coyote finally realises > that he is actually running on thin air?" Trust collapse in the compartment is concerted (since positive-feedback). Such periodic collapses (driven by the exponentially widening gap between accrued interest and subexponential growth of underlying economies) are built-in into our economic system. And guess what, we're overdue for a new one. It will probably start with the U.S, and drag down the rest of us with it. I would be dearly love to be wrong about this one, because it typically takes some 15-20 years to regain the losses. This would do very bad things to tigers/dragons, and of course China and India foremost. -- Eugen* Leitl <a href="http://leitl.org";>leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.2.2 (GNU/Linux) iD8DBQFFyHELdbAkQ4sp9r4RAkujAJ9GxVIqV772KY9c36nON6b2Jb8/CQCgwKbz IlXpqahtkhn/F1DiqUgo+hk= =CC0g -----END PGP SIGNATURE-----
