The US economy crisis is now getting more dramatic as the politicians in Congress enter the stage. The market is still very fragile as the stock index went roller-coaster, while some economists in the field start to develop the alternative of the Paulson plan --which is somewhat too late at this stage, I believe.
I am diligently taking note particularly on how they'll get rid of toxic assets and at what price they're gonna buy them --and what's the impact to their macro economic variables in the near future . This episode is too important to be skipped. So far nobody has yet talked about, probably, the most interesting part of the suspense, namely, the unregulated very very big credit default swap market.
And if you asked me what's the impact to Indonesian economy, I'd say that I don't even know what's gonna happen to the US economy, let alone to Indonesia.
Stay tuned.
Update: Don't you think The Economist is going to the left by asking congress should pass Paulson's offer? =)
ReplyDeleteyudo, maybe they are. Do you have problem if they move a bit to the left? :-)
ReplyDeleteBut I enjoy their leader column in their last edition as well as their briefing on US bailout plan --concise and clear in making the case the magazine stands for.
No..i don't :). I also enjoy how they set-up agendas in their leader column.
ReplyDelete