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The widget business requires gigantic assets.
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A gigantic asset price bubble has built up in fixed income asset markets, and the seeds of budgetary indiscipline have been sewn.
For wealth funds this means a gigantic rebalancing of global assets.
This two-headed beast with a gigantic pool of liquid assets, over $150 billion, is balanced by $94 billion in direct ownership of operating properties.
More recently, he had worked with international liquidators to recover assets from Bernard Madoff's gigantic financial fraud, which had amounted to a loss of seventeen billion dollars.
Second, the Japanese central bank's pledge to buy gigantic quantities of bonds at home has buoyed asset prices elsewhere, including Italy.
Gigantic senior executive pay since the 70s is converted into even more unequal assets.
That prospect is unlikely to reassure investors.Asset inflationVivendi's gigantic loss for last year included a euro12.6 billion writedown in the value of assets bought during its acquisition binge.
Knight's insight seemed to wilt before the gigantic strides the financial markets made in developing insurance policies (options) on financial assets.
Furthermore, he said, Japan can reduce debt by privatizing or more efficiently operating billions of dollars worth of state-owned assets, like the nation's ports and its postal system, which doubles as a gigantic savings bank.
The United States found itself literally operating as a gigantic bank, taking short-term liquid deposits from countries with surpluses and investing the money in long-term, risky assets at home and abroad.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com