About the Current Financial Situation

July 14, 2008 at 9:36 am Leave a comment

This wasn’t exactly unforeseen.  More than merely WP reporters were dubious about Greenspan’s policies and more importantly the actual intent behind them.   What’s actually described in the New York Times is what I recall, which is something that interpreted otherwise could have been taken as a deliberate buildup to the current situation. 

 

I’m not saying this has occurred or is even likely.  What I’ve spent the last five hours deliberating is simply this:  how does this affect the current balance of power, particularly with the three major new players on deck?  (This was defined thirty years ago as China, India and Pakistan.  A change is arguable.)

–Glenn

Entry filed under: current news, writing and thought. Tags: , , , , .

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