[FoRK] Endgame

geege schuman geege4 at gmail.com
Fri Feb 12 06:19:04 PST 2010


On Fri, Feb 12, 2010 at 1:05 AM, Adam L Beberg <beberg at mithral.com> wrote:

> Things are getting fun now. Time to break out the popcorn...
>
> China just pulled the plug on the global debt orgy, about time too...
>
> http://www.telegraph.co.uk/finance/china-business/7205110/China-orders-retreat-from-risky-assets.html
>
> More and more stories coming out that lending is just shutting down. No way
> a sane bank will write a loan right now with assets deflating so fast from
> houses to cars to machinery. If you're a small business, forget it.
>
> Despite all that, US retail sales are up.  Are they all  - we all -  just
cock-eyed consumers?


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