Friday, August 22, 2008

"It's the economy and we're still stupid..."

Federal Reserve Board Chairman Ben Bernanke, now says the financial shit storm that began last year "has not yet subsided," creating "one of the most challenging" economic environments in memory. Then he added that the crisis that has pounded the country — coupled with a higher inflation — is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability.

Danz View: Meanwhile, George W. Bush, overseeing the economy and most other domestic affairs, looks down over Mr. Bernanke's shoulder and signals his approval.

SWAG: Stay the Curse: Keep on spending; keep digging that hole deeper and deeper and deeper. We may reach China, where the real deficit spending lenders and debt loan holders reside.

非 常 谢 谢 (thank you very much).

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