Countries/Governments don't need to step in to aid the market to lift prices. The current retraction in the price of deals is forced from some trading firms and associated banks making distressed sales, everyone knows it and the mills are taking advantage of it. The market will eventually correct itself to the highest efficiency point, be it lower or higher.
I don't like the idea of government intervention. A case in point is Spain, where just about industry is or was subsidised by the government by taking on external debt. People eventually get the idea that their livelihoods are sustainable and they're working hard for their wages. The rude fact is they're costing the government $100 for $50 of benefit, with the shortfall being covered by Xing & Wang in China, or Muller & Schmidt in Germany. The music eventually stops.
Friggin bloomberg, they just keep airing the biases of a bunch of manic depressives, 'IO is going down to $84' 'IO will rebound from $70' 'IO has overshot, it's going back up to $100' '$200 by 2013' '$150 by 2013' '$50 in 2013' 'LT supply demand dynamics favour upward revisions' 'LT this stuff stinks' 'Get Out' 'Get In' 'SELL' 'BUY'... They change their tune by the pico second, there's no point subjecting our ear drums to that rubbish.
