Comments on: Pesek: Asia is de-coupling http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html Finance, Economics and Markets Thu, 09 Feb 2012 23:29:37 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-56378 Edward Harrison Thu, 07 May 2009 12:43:00 +0000 http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-56378 Things are changing in Asia, in part because of Bush Administration policy. What was inconceivable politically even in the 1990s is much more conceivable today. Things are changing in Asia, in part because of Bush Administration policy. What was inconceivable politically even in the 1990s is much more conceivable today.

]]> By: aitrader http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-56377 aitrader Thu, 07 May 2009 12:28:00 +0000 http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-56377 As am I. Economic growth wasn't mentioned. Though last I checked it <i>was</i> part and parcel of most financial systems. Even in Asia. Does "wise-guy" sum up the extent of your factual retort to my rebuttle? No decoupling I can see. In fact I would argue for a simple move toward some regional economic stability. And as far as China and Japan joining forces to decouple politically from the West, you are also way, way off. I used to live in Japan and the political animosity between the Japanese and Chinese prevents any close ties politically. Economically yes, just like China with Taiwan, but politically not possible. Nihongo o dekimasu ka? Anata wa sono kuni o honto ni wakaranai to omiomasu. As am I. Economic growth wasn’t mentioned. Though last I checked it was part and parcel of most financial systems. Even in Asia.

Does “wise-guy” sum up the extent of your factual retort to my rebuttle?

No decoupling I can see. In fact I would argue for a simple move toward some regional economic stability. And as far as China and Japan joining forces to decouple politically from the West, you are also way, way off. I used to live in Japan and the political animosity between the Japanese and Chinese prevents any close ties politically. Economically yes, just like China with Taiwan, but politically not possible.

Nihongo o dekimasu ka? Anata wa sono kuni o honto ni wakaranai to omiomasu.

]]> By: Edward Harrison http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-56375 Edward Harrison Thu, 07 May 2009 11:38:00 +0000 http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-56375 ok, wise guy, I'm sure you know this post has nothing to do with economic growth. I am talking about the political and financial system de-coupling from the West. ok, wise guy, I’m sure you know this post has nothing to do with economic growth. I am talking about the political and financial system de-coupling from the West.

]]> By: aitrader http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-56371 aitrader Thu, 07 May 2009 07:55:00 +0000 http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-56371 So Asia, or Japan and China, are creating a regional AMF to avert or mitigate future regional crises like the one in 1997. Good for them. The IMF is a policy tool and generally inept at helping countries recover from fiscal and economic crises. How is this decoupling? In what way is a regional "emergency funds" bank a decoupling from the Western economies? It's like comparing a chemical peel to open heart surgery. Sure, they are both physical procedures but differ vastly in scale and side effects. I would argue that China and Japan are simply trying to support smaller regional Asian economies and want to mitigate external destablizing influences, like the IMF and World Bank, coming from North America and Europe. The "decoupling" argument seems more like trying to fit the facts to the theory pushing a round peg into a square hole. So Asia, or Japan and China, are creating a regional AMF to avert or mitigate future regional crises like the one in 1997. Good for them. The IMF is a policy tool and generally inept at helping countries recover from fiscal and economic crises.

How is this decoupling? In what way is a regional “emergency funds” bank a decoupling from the Western economies?

It’s like comparing a chemical peel to open heart surgery. Sure, they are both physical procedures but differ vastly in scale and side effects.

I would argue that China and Japan are simply trying to support smaller regional Asian economies and want to mitigate external destablizing influences, like the IMF and World Bank, coming from North America and Europe.

The “decoupling” argument seems more like trying to fit the facts to the theory pushing a round peg into a square hole.

]]> By: Franklin http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-5125 Franklin Thu, 07 May 2009 03:32:58 +0000 http://www.creditwritedowns.com/2009/05/pesek-asia-is-de-coupling.html#comment-5125 What a great article. Note: I attempted to post this on "Naked Capitalism" where it was repost, only Yves Smith seems intent on making everyone jump thru hoops and register with the system. I will never register with the system. on to comment Now I realize many dyed-in-the-wool (true blue) American capitalists won't like the direction Asians are taking, but then, they are merely "crony capitalists". In other words, they are agreeable as long as the system is rigged in their favor. Times have changed. Not completely though. I see the that in the US the Fed is currently propping up Wall St and the stock market (via Government Sacks and the NYSE "Liquidity" program). Whatever, I certainly won't have anything to do with it and they will run out steam in their attempt to continue doing it. Look for a GIANT stock market crash then. In order to change the system it is necessary to STARVE THE BEAST! Any who support Wall St by trying to derive income from it are merely supporting the evil elements in society. What a great article.

Note: I attempted to post this on “Naked Capitalism” where it was repost, only Yves Smith seems intent on making everyone jump thru hoops and register with the system. I will never register with the system.

on to comment

Now I realize many dyed-in-the-wool (true blue) American capitalists won’t like the direction Asians are taking, but then, they are merely “crony capitalists”. In other words, they are agreeable as long as the system is rigged in their favor.

Times have changed. Not completely though. I see the that in the US the Fed is currently propping up Wall St and the stock market (via Government Sacks and the NYSE “Liquidity” program). Whatever, I certainly won’t have anything to do with it and they will run out steam in their attempt to continue doing it. Look for a GIANT stock market crash then.

In order to change the system it is necessary to
STARVE THE BEAST!

Any who support Wall St by trying to derive income from it are merely supporting the evil elements in society.

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