Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I would add that the demonstration of class bias is often unintentional.  Reporters think the stock market is some sort of perfect indicator on the health of the economy.  But, as the FT pointed out the other day, Corporate America is also having to turn in much higher profits to boost stock prices these days, as P/E ratios return from the obscene levels we saw in the 1990s and 2000.  The FT also noted that, when transferred from dollars to sterling or euros or yen, the market is still quite a bit down from the 2000 peak.  Sterling, for one, has risen from about $1.50/£ to $1.86.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Sun Oct 8th, 2006 at 06:21:14 AM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

Occasional Series