17-12-2014, 11:28 AM
(This post was last modified: 17-12-2014, 11:34 AM by specuvestor.)
You can control the amount of aggregate exposures as well as individual exposures with policies, including foreign debt raising. You can use the nicer word "manage" but end of day the one who is going to clean up the mess after the party should have a certain amount of "control"... like I always tell my kids
The unpredictability comes when the market dictates your action and you have little choice. China govt is very wise to "control" events before it gets out of hand. Stitch in time saves nine. The difficult part is how to control while providing an environment of freedom to play within the boundaries. I don't believe in lassez faire economics like the Austrian school, as much as I believe in lassez faire soccer Even Apple software works better because of sandboxing.
As you know I am not hostage to ideologies. I am hostage to what actually works in real life. My favourite phrase is from Keynes: "When the facts change I change my mind... what do you do Sir?"
The unpredictability comes when the market dictates your action and you have little choice. China govt is very wise to "control" events before it gets out of hand. Stitch in time saves nine. The difficult part is how to control while providing an environment of freedom to play within the boundaries. I don't believe in lassez faire economics like the Austrian school, as much as I believe in lassez faire soccer Even Apple software works better because of sandboxing.
As you know I am not hostage to ideologies. I am hostage to what actually works in real life. My favourite phrase is from Keynes: "When the facts change I change my mind... what do you do Sir?"
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)