During the Russian hyperinflation in the early 1990s vodka was the primary item of barter.
Although we first have to wade through a period of disinflation, I am looking forward to some hyperinflation. The only reason is that I cannot wait to start to barter the best whiskey of this planet.
Although we first have to wade through a period of disinflation, I am looking forward to some hyperinflation. The only reason is that I cannot wait to start to barter the best whiskey of this planet.
In the mean time we learned from the Wall street Journal that the Tokyo Stock Exchange immediately suspended trading of CapCom bonds after a 3 trillion Yen order was placed. Unfortunately the entire outstanding issue is only 15 billion Yen.
Seems to a government – any government – placing an x trln USD market bid order these days for bank x which has only y bln USD outstanding anymore.
After AIG it’s now Merrill’s turn to cough up another unforeseen 500 million USD. Hey, TARP will pay anyway. Ok, AIG takes Washington hostage for another 60 bln USD. As there is Detroit, Bank of America and Citigroup.
After the Lehman-trauma nobody wants another debacle.
Tant pis for the future generations.
Don’t worry: we make this world a better place for them.
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