by ROCKMAN » Sun 18 Jan 2009, 22:25:02
Nor am I crying any tears for the princes. OTOH, we're all connected at the hip. The importers saved trillions but at the expense of economic down turn and job loss in the consuming countries. I still think the wild west attitude here regarding credit is the primary reason for the bust but the oil price spike did contribute towards the end.
And now a lot of oil/NG projects will be suspended which can only magnify PO. And let's not forget stability: this money has financed efforts to keep the natives calm. Start shorting their dole and we might begin seeing a swell in internal strife which might only add to our vunerability.