Tuesday, October 21, 2008

The Titanic Stern of the Global Economy

Going down, and nothing can stop it!!!

Hell, why would they wanna stop it? This WHOLE THING has been done ON PURPOSE!!!!

"China's growth drops dramatically in 3d quarter; Extent of decrease jolts economists" by Ariana Eunjung Cha, Washington Post | October 21, 2008

SHANGHAI - As the subprime mortgage crisis that began in the United States 14 months ago spread around the globe, China seemed poised to be the only major economy that was not seriously affected. Recently, there have been signs that it, too, is being hit by the crisis. Tens of thousands of factories have closed, and the Chinese stock market has lost billions of dollars.

Economists struggled with how to explain the surprising numbers. Wang Qing, chief China economist for Morgan Stanley, suggested that the slowdown in GDP was partly psychological. --more--"

Meet China's version of Phil Gramm!!!