[A-List] Liu quoted by Austrailian Labor Press

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

My article on Liquidity Boom, criticized by someone on this list for 
having been reposted on Prudent Bear, is also quoted in the Australian 
Labour press, which does not  think I am  a rightwinger.

From Australian newspaper, The Age :

The chances of a "disorderly adjustment" is very high, according to 
Henry C.K. Liu, who is chairman of a New York-based investment group and 
regular correspondent for the Asia Times Online. He points out that US 
growth, financed by an overextended debt bubble, is unsustainable. He 
points to the parallels with the market crash in 1987 and the Asian 
financial crisis in 1997. According to Liu, "globalisation and hedging 
have merely postponed, not eliminated, cyclical inflation".

Liu notes the rapid redistribution of income from wages to profits. This 
reflects a trend by companies to maximise their earnings by abdicating 
their social responsibilities to their workers and society. In 
Australia, neither of the major political parties seem to understand 
that responsible unions, by their ability to speak out about issues 
arising from the shop floor and by keeping upward pressure on wages, 
actually promote labour productivity compared with non-unionised workplaces.

http://www.theage.com.au/news/kenneth-davidson/trouble-ahead-as-our-debt-rises/2007/05/13/1178994992356.html?page=2

Henry C.K. Liu