Wandering Thoughts

October 7, 2008

Tormenta de Pirata

Filed under: Ramblings and Musings — terence @ 1:26 pm
Tags: ,

Tormenta de pirata – a pirate’s storm. A Costa Rican friend of mine used the phrase today to describe Wellington’s weather (85 knot gusts at Mount Kaukau this morning!)

It’s probably even more apt a term for the financial gale currently flattening banks and upturning markets.

Two questions:

1. Can governments and central banks do enough to prevent a complete capsize?

and

2. What will the implications for the global political economy be?

On the latter, Dani Rodrik gets it.

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2 Comments »

  1. Not a political blog huh? You can’t escape it :P

    Comment by Nikki — October 7, 2008 @ 1:32 pm

  2. what do you mean? This is simply a post about the weather

    …I have to confess, I am struggling to resist right now :)

    Comment by terence — October 7, 2008 @ 1:53 pm


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