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Who should we ask? The people? Banks? China?
Oh, I know. Let's ask the People's Bank of China!
World Economy Is Yet to Bottom, People’s Bank Says (Update1)
The “external economy has yet to bottom out or establish a trend towards a recovery,” the People’s Bank of China said in regional reports posted on its Web site today. “The global financial crisis is still spreading and the impact on China is deepening.”
I hope all this Chinese bearishness doesn't become a "pandamic"!
Thank you. Thank you very much. I'll be performing pun-based dark sarcastic gallows humor until the illusion of prosperity is fully restored. You've been a great audience. Oh please. Stop already.
Friday: No Major Economic Releases
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 10:00 AM ET, *University of Michig...
5 hours ago
4 comments:
Stag,
I hope all this Chinese bearishness doesn't become a "pandamic"!
The old rule of thumb was that when America "sneezed" the world caught a cold. However, since the pig bomb went off in our financial system, it appears that when America comes down with the (swine) flu, so does the rest of the world.
Anyway, I hope all these pigs at the trough don't cause total "pandamonium".
mab,
Now look what you've done. You've opened up the "Pandara's" Box of Chinese bearishness!
Just look at today's stock market!
We have to be really careful not to open up a "Pundora's" Box too. That would just add insult to injury!
Oops!
We have to be really careful not to open up a "Pundora's" Box too.
I'll be PUNcillious. I just hope Bernanke doesn't take away the PUNch bowl.
mab,
"I just hope Bernanke doesn't take away the PUNch bowl."
Ben Bernanke's spunky homespun punitive puns pack a punch of potential punctual punishment!
http://www.marketwatch.com/story/bernanke-says-fed-take-away-punch
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