Current Events
Wed Dec 8 2004 09:59 MST #So a quick round up of things to be worried about, courtesy of the Economist mainly:
Up first the dollars plummet. It keeps going down -- the Euro is up 35% over the last 3 years the yen up 24%, and the best thing for our out of control deficits is for the dollar to keep falling - so our dollar denominated debts keep getting cheaper. So the dollar keeps going down, but this does not look like a solid investment platform -- yet central banks around the world hold huge amounts of dollars and 11 trillion dollars are held outside the country. If the selling starts in a big way we're going to be in a world of hurt.
Next: Nepal, the worlds next failed state? Discuss. Make sure to mention the future of India - China relations, and the Nepalese rebels support of civil war in northern India.
Heres a good article on Social Security insolvancy, roughly privatizing it only makes sense if you can make solid returns on the market, but it's only insolvent if the economy stays bad, really only if gets worse and stays worse for the next 40 years. So privatization only solves the problem once you no longer have it.
And finally if you care about global affairs you should pay attention to this man. Sometimes his blog is a more personal, so those days there is less meat, but when he's talking about this stuff, it's worth thinking about what he's saying.