Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The Fed stopped lowering interest rates and started charging for borrowing - strange notion, eh?  And the Yen carry trade seems to be ending as well.  The US consumer has dutifully consumed and have so many 'assets' that they are bankrupt (Cash Statement.) Investors in the 1,000,000,0000 person Chinese market have discovered - Gadzooks! - 999,000,000 don't have any money and of those that do, a Gucchi rip-off is just as good as a Gucchi.

And on and on and on and on.

The monkeys are no longer in charge of the banana plantation.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Wed Jul 4th, 2007 at 01:11:58 PM EST
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