mardi 9 décembre 2008

Crisis abates. . .

The people at Daily Reckoning.com are a bunch of right wing free marketeers, but they tend to be ahead of the economic game. They analysed the data and back in 2004 predicted this crash - not the timing exactly but close enough. This from them on the crisis' recent illness. . .

"Yes, dear reader...we think...we hope...that we will enjoy a classic post-bubble bounce. If we’re lucky, it will last for 3-6 months...and give everyone a chance to catch his breath.
Mr. Market is like a cat. He plays with his prey before he finally eats it.
And he’s perfectly capable of giving the whole world the impression that crisis of 21st century capitalism is over. "