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16-10-2022, 10:15 AM
Yes it was a mistake amplified by US Fed rate hike tsunami.
The mistake was made when Fed flood the world with easy money ....and now has to reverse course.
That was the main mistake. Everything else derive from the Fed mistake...and actions to correct t its mistake.
Weaker debt ridden economies like Pakistan and Sri Lanka has collapsed....
In the past Fed action led to 1998 Asian Fianncial Crisis but this time we got wiser and smarter especially Indonesia which is this yr's safe haven from Wall Street mayhem.
The banking system which collapsed in 2008 appear to be stronger with both Credit Suisse and Deutche passing the recent test.
What breaks we don't know but can be anywhere ...it just happen and engulf the system ....then we know the name of the mess ...
The mistake was made when Fed flood the world with easy money ....and now has to reverse course.
That was the main mistake. Everything else derive from the Fed mistake...and actions to correct t its mistake.
Weaker debt ridden economies like Pakistan and Sri Lanka has collapsed....
In the past Fed action led to 1998 Asian Fianncial Crisis but this time we got wiser and smarter especially Indonesia which is this yr's safe haven from Wall Street mayhem.
The banking system which collapsed in 2008 appear to be stronger with both Credit Suisse and Deutche passing the recent test.
What breaks we don't know but can be anywhere ...it just happen and engulf the system ....then we know the name of the mess ...
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
