tag:blogger.com,1999:blog-6616959642391988608.post6743937446170524672..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Baltic and trade updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-3195057322641558112009-11-15T12:59:36.132-08:002009-11-15T12:59:36.132-08:00Thanks Scott.
To your last point, I think the mon...Thanks Scott.<br /><br />To your last point, I think the money is being quickly channeled into US goods and services in an indirect way. The Treasury is financing the US deficit spending through the sales of bonds. Therefore, the money is very quickly entering the US economy via a short stop at the Treasury. Investment efficiency is a whole different story.<br /><br />Amusingly, this can be 狂猪https://www.blogger.com/profile/16599529315620633684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21698142836314015132009-11-14T10:42:32.613-08:002009-11-14T10:42:32.613-08:00Thanks for bringing up the subject of the so-calle...Thanks for bringing up the subject of the so-called global savings glut. I was skeptical of this from the very beginning, but while working with the IMF on a project in Chile last year I acquired a better understanding of what may be happening. The origins of much of the savings may well be the Sovereign Wealth Funds that are used by many countries around the world, notably in the Middle East andScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88055173968988833722009-11-13T19:06:44.622-08:002009-11-13T19:06:44.622-08:00Hi Scott,
You mentioned the recovery of confidenc...Hi Scott,<br /><br />You mentioned the recovery of confidence to get things going again. I've just remembered the global savings glut! I think that could be the rocket fuel waiting for the spark of returning confidence.<br /><br />There were multiple causes to the subprime crisis. However, there is a very strong case that the fuel is the global savings glut. Back in 2005-2006 (can't 狂猪https://www.blogger.com/profile/16599529315620633684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7690918452984111402009-11-13T13:09:37.567-08:002009-11-13T13:09:37.567-08:00I've noticed that companies in Japan freigh se...I've noticed that companies in Japan freigh sector are making new lows or drifting near.Family Manhttps://www.blogger.com/profile/10304538166086313103noreply@blogger.com