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March 03, 2009
low
The Dow is sinking like a rock. Interesting article about predictive value of Dow Jones and why it's so fun to guess.
Reading another company's annual report, it's so easy to see those companies who had been wise to make some strategic expansions are better off than though that tended to put all their eggs in one region. I doubt Asia, like China, will slow down much right now. They have the need to continue to build their infrastructure and have a talent influx. I ask Asian international students all the time why they don't go back, they answer there is too much competition.
About the banks:
Throwing yet more capital at them risks perpetuating what Paul Krugman, a Nobel prize-winning economist, calls “lemon socialism”, in which banks reap the gains but taxpayers eat the losses. It was handouts without proper workouts that led to Japan’s “lost decade”. - American Banks: A ghoulish prospect
Only, I don't believe in a wizard of oz.
Wizard of Oz: [speaking in a booming voice into microphone] I am the great and powerful...
[then, realizing that it is useless to continue his masquerade, moves away from microphone, speaks in a normal voice]
Wizard of Oz: ... Wizard of Oz.
Posted by azileretsis at March 3, 2009 11:00 PM
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