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New they are opting for the japanese model
with a twist, print money and lots of it. Allow yer buddies on the street to pick it up interest free then loan it out to keep under preforming assets to float. Get out of dodge before it all implodes.
New That's the part that interests me
What's their exit strategy? At some point "get out before it implodes" isn't just a cynical rant, but rather they're consciously doing it. How do they see this playing out? Or are they so conditioned by everything they've ever seen of corporate culture, that there's always a golden parachute, that they don't think they have to plan for it?
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Drew
New people on both sides of the equation
treasury feds goldman sachs boa are all from wall street. They understand how money works but not the economy. They are just trying to keep the game going long enough so they can get out with a pile and leave it for the the next group
New Re: they are opting for the japanese model
Get out of dodge before it all implodes.

The whole point of this strategy is to avoid the implodes step. Instead, the big businesses are turned into financial zombies, giant companies that have negative real value but function because of government guarantees and accounting illusions. The hope is that the economy will recover on it's own and the growth will pull the zombies back into a function state.

History suggests this doesn't work because the zombies remain a drag on the economy, soaking up money without creating much growth or progress. Japan survived because their export oriented economy could grow based on how well other countries where doing. The US doesn't have that option, and instead we have to depend on the dollars special status and pumping money into the economy faster then it's bleeding or deleveraging out.

Jay
     Transcript of Moyers' interview with Bill Black - (drook) - (4)
         they are opting for the japanese model - (boxley) - (3)
             That's the part that interests me - (drook) - (1)
                 people on both sides of the equation - (boxley)
             Re: they are opting for the japanese model - (jay)

Achtung, Laddie!
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