Former Secretary of Labour Robert Riech makes this analysis of the stock market:
As of right now (11:15 am Pacific time, Wednesday), it looks like Wall Street is putting a the best face possible on yesterday’s “correction.” (A “correction” is a Wall Street euphemism for “holy shit!”)
He also said:
The wake-up call this time was Alan Greenspan, the Oracle of Ayn Rand, whose visage had been beamed by satellite to a group in Hong Kong on Monday (New York time). Greenspan warned the gathering of excess liquidity in global financial markets, leading to over-optimism, and he predicted a recession later this year.
Boom!
Too early yet to tell how big this explosion will be.
If you read his post you’ll see he mentions China. Anything that has an impact on the chinese economy, is of immideiate interest. The reason is right before you.
Fortunatly, I have no stocks to check 🙂
Random Musings 