Friday, March 13, 2009

Clueless

In the news category under the general name "what could have possibly tipped him off?", we learn today that former St. Louis Federal Reserve Bank President William Poole thinks that "federal authorities seem not to have a clue as to what our financial course is or should be". Such an insightful comment of course was bound to have its consequences. So now the Chinese premier who has had no problem whatsoever lending to the US $1.95 trillion so far, has confessed that he has become "a little bit worried about the security of their assets".

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