As featured on p. 218 of "Bloggers on the Bus," under the name "a MyDD blogger."

Tuesday, February 27, 2007

Bar The Windows On Wall Street

Japan's Nikkei stock market opens 700 points lower.

They call this a correction in some parts. Fortunately, all my money's under my bed. Did I say that out loud?

...looks like the Chinese government stepped in and stopped the madness, leading our investor class to breathe easier. Stocks are up, the faith-based economy is back and all is right with the world... except of course, it isn't. Our trade deficits have made us beholden to a centralized planned economy in Red China which doesn't have American interests at heart. They send us dollars so we can buy their products, and they use their IOUs to buy up the country. Why is that good for the average consumer, who pays less for tube socks but consigns their children and grandchildren into permanent debt peonage?

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