FCIC Investigation Misses the "Big Picture" Cause of the Crisis; Next Financial Crisis Brewing Already

"The Next Crisis

I do not know what the next financial crisis to bring the global economy to its knees will be, but here are five likely candidates

1.Sovereign debt crisis in Europe
2.Sovereign debt crisis in Japan
3.Trade wars with China
4.Derivatives meltdown
5.Currency wars

Please note that not a damn thing is being done about any of those except the first one. Even then, regulators are avoiding the only thing likely to offer a permanent solution: writedowns of sovereign debt. Instead the EU is inflating money supply hoping to avoid the one thing likely to help!..."

at http://globaleconomicanalysis.blogspot.com/2011/01/fcic-investigation-misses-big-picture.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29