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Sunday, August 7, 2011
07/08/2011: Emergency G7 Summit - Policy Dilemma
My latest column in the Globe & Mail on the topic of G7 emergency summit: link here.
Why would investors start to pull out of the advanced economies and go to emerging ones if the latter(who have no domestic markets to speak of) rely on former to be healthy for them to continue to grow - or is this just how dumb markets really are with high speed automatic buying/selling which only take a 1st order view of any dynamic system?
You paint a very grim picture. This is global organisational/ governmental collapse in the making.
Why would investors start to pull out of the advanced economies and go to emerging ones if the latter(who have no domestic markets to speak of) rely on former to be healthy for them to continue to grow - or is this just how dumb markets really are with high speed automatic buying/selling which only take a 1st order view of any dynamic system?
ReplyDeleteYou paint a very grim picture. This is global organisational/ governmental collapse in the making.