Many experts here in the United States say we were hours away from a run on banks that would have plunged the global economy into depression. Not recession. Depression. And not just the U.S. Make no mistake, there was panic. Money managers with years of experience were telling me they simply did not know what to do, or where to turn. That may explain why the biggest group of free market advocates are embracing the biggest government intervention since the 1930s.<\/em>\u00bb<\/p>\n<\/p>\n\tD’o\u00f9 cette id\u00e9e qu’effectivement, les d\u00e9cisions prises vendredi le furent dans une urgence qui ressemblait \u00e0 la panique, peut-\u00eatre avec la perspective d’un effondrement dans les heures qui venaient D’o\u00f9 des d\u00e9cisions radicales, qui plongent Wall Street dans l’incertitude la plus totale, contrairement \u00e0 l’image d’euphorie complaisament v\u00e9hicul\u00e9e.<\/p>\n<\/p>\n
\t\u00abDid the United States just take a huge step toward socialism? That is a dirty word here on Wall Street, but the many believe the government’s historic intervention amounts to just that and they are not happy about.<\/em><\/p>\n<\/p>\n\t\u00bbWill more rules and regulations help, or will government involvement just stifle enterprise and business growth? Many here cite Europe as the example of what NOT to do.<\/em>\u00bb<\/p>\n<\/p>\n\tQu’on ne s’y trompe pas, ce syst\u00e8me est sans identit\u00e9, sans responsabilit\u00e9 identifiable. C’est une masse \u00e9norme, d’une puissance sans pr\u00e9c\u00e9dent mais que nul ne peut parvenir \u00e0 identifier. Ainsi, et d’ailleurs en toute logique, nul ne se juge responsable de rien, et encore moins coupable de quoi que ce soit. Les investisseurs, ou les sp\u00e9culateurs, trouvent absolument injuste d’\u00eatre d\u00e9sign\u00e9s comme les responsables, et ils n’ont pas tort puisque tout a \u00e9t\u00e9 fait pour eux et qu’ils repr\u00e9sentent la quintessence de la philosophie du syst\u00e8me. Ainsi, la d\u00e9cision de la puissance publique aux USA et au Royaume-Uni, encore cet interventionnisme socialiste! de bloquer les investissements \u00e0 tr\u00e8s court terme est-elle appr\u00e9ci\u00e9e comme un soup\u00e7on intol\u00e9rable, comme une entrave \u00e0 la bonne marche des affaires, comme une insulte \u00e0 la face de leur Dieu selon des normes absolument orthodoxes. L’industrie des hedge funds<\/em>‘, nous dit Maggie Lake, envisage de porter l’affaire devant la justice, vous voyez cela d’ici, le gouvernement des Etats-Unis assign\u00e9 \u00e0 compara\u00eetre et mis en accusation par l’industrie des hedge funds<\/em>‘ pour entrave \u00e0 la libert\u00e9 des march\u00e9s?<\/p>\n<\/p>\n\t\u00abWere speculators really responsible for bringing down Lehman Brothers and forcing Merrill Lynch into a shotgun wedding with Bank of America? The regulators in both Great Britain and the United States have banned short selling, but hedge funds are furious. They say they are being made scapegoats and argue the data does not bear out the accusation. They also warn the ban won’t fix the problem, merely create new ones. In fact, the hedge fund industry is thinking of suing!<\/em>\u00bb<\/p>\n<\/p>\n\tTout cela nous laisse un go\u00fbt de sel, une terrible amertume au fond de la gorge. Sans doute n’imagine-t-on pas combien les d\u00e9cisions prises cette semaine repr\u00e9sentent un sacril\u00e8ge, un acte absolument relaps, pour la religion de l’am\u00e9ricanisme (\u00abAmericanismthat is, American democracyas the fourth great Western religion<\/em>\u00bb, selon le titre du livre publi\u00e9 en d\u00e9cembre 2007, par le professeur de Yale David Gelertner). Et tout cela pour quoi? Qui est s\u00fbr du lendemain? Maggie Lake nous parle du vent glac\u00e9 qui parcourt Wall Street, comme le vent de la plaine du Wild West<\/em> ressuscit\u00e9. (Certes, l’image est un peu forc\u00e9 car il fait beau sur Wall Street, et quant au Wild West<\/em>… Mais nous parlons de l’\u00e2me des choses.)<\/p>\n<\/p>\n\t\u00abAs I watch the bell close out this wild week on Wall Street, I detect a certain frost. The U.S. government saved the system from collapse and yes the business community is relieved. But they also understand that U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke do not have magic wands, and problems remain.<\/em><\/p>\n<\/p>\n\t\u00bbDo you think the plan will succeed? Would the global system be better off if the U.S. took a page from Europe and got more involved in regulating business?<\/em>\u00bb<\/p>\n<\/p>\n<\/p>\n
\tMis en ligne le 20 septembre 2008 \u00e0 15H08<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
En effet, comment justifier de ce que nous affichions fougueusement un jour avant les grandes d\u00e9cisions d’intervention de l’administration GW Bush, le 18 septembre, \u00abOn ne fait rien pour l’instant parce que no one knows what to do\u00bb, en regard de ce qui s’est pass\u00e9 le lendemain? Il y a de nombreuses explications possibles dans… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[3253,5869,2951,7786,3778,5304,3372,3132],"class_list":["post-70209","post","type-post","status-publish","format-standard","hentry","category-bloc-notes","tag-americanisme","tag-funds","tag-hedge","tag-orthodoxie","tag-religion","tag-socialisme","tag-street","tag-wall"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/70209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/comments?post=70209"}],"version-history":[{"count":0,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/70209\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/media?parent=70209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/categories?post=70209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/tags?post=70209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}