No need for alarm, folks. President Bush said today that the partial nationalization of the banking system is an “essential short term measure to ensure the viability” of our highly dysfunctional financial system. Then Bush described these latest moves to stop the financial crisis on Wall Street from spreading as “unprecedented and aggressive”. Sounds like [...]
CHINA’S BUBBLE TROUBLE
Look out below! It seemed as if the sky was falling
for China’s new breed of stock market investors last
week. The Shanghai Composite Index, similar in
importance to Chinese market speculators as its
cousin, the New York Stock Exchange is to gamblers
(or if you prefer, shareholders) in America, lost nearly 9
percent last Tuesday.
The [...]
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and I will give you all of the details.