lundi 11 août 2008

Market euphoria

There must be more than one leftie who was disappointed with last week's little flurry on Wall Street. The DJIA closed up about 600 points on the week. Analysts have all but given up hope as to the logic of the New York Exchange's ups and downs. Maybe more astute heads rule in Bejing, though, from where we hear, "China's main stock index tumbled more than 5 percent to a fresh 19-month low on Monday, hit by concern about slowing economic growth and rising producer price inflation, which threatens to squeeze corporate profit margins. "

Even the crisis has to experience its own moments of . . . crisis.