{"id":12010,"date":"2010-05-19T07:24:48","date_gmt":"2010-05-19T14:24:48","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=12010"},"modified":"2010-05-19T15:39:28","modified_gmt":"2010-05-19T22:39:28","slug":"what-does-primacy-mean","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12010\/what-does-primacy-mean\/","title":{"rendered":"What Does “Primacy” Mean?"},"content":{"rendered":"

From Bloomberg News<\/a>:<\/p>\n

U.S. stocks tumbled yesterday after Germany\u2019s announced its ban on naked short-selling. German Chancellor Angela Merkel<\/a> said she will lobby governments to introduce a tax on financial markets, and for ratings companies to come under European supervision so governments regain \u201cprimacy\u201d<\/strong> over markets. The euro is at risk and Europe may be facing its greatest challenge since the founding of the European Union, Merkel said<\/p><\/blockquote>\n

I boldfaced the word “primacy” because I believe it means “first in importance”.\u00a0 Essentially, that means the State is upset because markets operate independently of government planning.\u00a0 It sounds like Chancellor Merkel is trying to play with her superhero action figures again.\u00a0 It won’t work; the markets are demanding competition among currencies to better reflect the risks and opportunites of sovereign nations.<\/p>\n

It gets better:<\/p>\n

\u201cPolicymakers are determined to protect the euro zone, and they have identified the financial markets as the key obstacle for stability<\/strong>, which implies risks of further regulation,\u201d Erik Nielsen<\/a> and Dirk Schumacher<\/a>, economists at Goldman Sachs Group Inc., wrote in a report.<\/p><\/blockquote>\n

I boldfaced the phrase to show you how crazy this is.\u00a0 Could you imagine the Yankees blaming the scoreboard as its key obstacle to victory?\u00a0\u00a0 None of this will work.\u00a0 A competing global currency<\/a> will re-emerge.\u00a0 Then they’ll steal it<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

From Bloomberg News: U.S. stocks tumbled yesterday after Germany\u2019s announced its ban on naked short-selling. German Chancellor Angela Merkel said she will lobby governments to introduce a tax on financial markets, and for ratings companies to come under European supervision so governments regain \u201cprimacy\u201d over markets. The euro is at risk and Europe may be […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-12010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-enduring-interest","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":18068,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18068\/overnight-news-idiot-race-pirate-destroys-coca-cola-gets-12-million-firing-bonus\/","url_meta":{"origin":12010,"position":0},"title":"Overnight News: Idiot race pirate destroys Coca-Cola, gets $12 million firing\u00a0bonus.","author":"Greg Swann","date":"April 22, 2021","format":false,"excerpt":"At last someone in corporate America is being fired for being a race-pandering, business-killing idiot. 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