So yesterday, we find out that every Fed District is reporting a slowdown. Then today, the G7 tanks it too. Consensus of the richest nations of the world?: The United States sucks.
The polls were taken after governments across the G7 nationalized swathes of the ailing banking sector and after the world’s major central banks slashed interest rates in unison in an unprecedented move that even involved China.
Central banks are still flooding money markets with billions of dollars in temporary cash and dropping restrictions on access to funds but banks remain very reluctant to lend to each other and market rates are coming down only gradually.
This leaves the world economy in its most dangerous spot in a very long time, say economists, who have all but abandoned concerns over inflation given the rapid falls in asset prices and a halving in crude oil prices in just a few months.
Getting China to cooperate with “The West” to do anything is a tricky affair. After the whole “Those fireworks are absolutely not CGI” thing, and the “She’s 18 17 15 14 13 years old. Wait, what’s the age of consent again?” debacle, well, seeing them act in a concerted way with the West to preserve capitalism, well, that scares me quite a bit. Plus, it just plain looks bad.
Note to self: Do not blow economy up so badly that Cuba has to lower rates for us, because that would really just be embarrassing.
Most of G7 in recession, more rate cuts ahead [Reuters]
anyone know anything about BP Capital (Boone Pickens) today? Hearing some rumors, want to confirm. Thx.
chinese gymnast age jokes just never get old
Wait, was it T Boone who said short oil all spring/summer then came out at the end of the summer and said he was wrong and that we should buy?
@#1…
If Boon Pickens Capital goes down because of all BP’s long shots in oil, maybe he can ratchet-up his exposure to that alternative energy crap he’s been hawking on TV.
The Guy from Delaware
A guy from Texas making a boatload in energy and then giving most or all of it back? There’s a first time for everything…
Hey @ 1 what the fuck are you talking about? Who is Boone Pickens?
T Boone is a self-serving jerk. McCain mentioned tidal power last night which is great and something that Pickens ignores completely
#1 what the fuck kind of statement is that. Think before you write you mamaluke.
@ 1 are you cluzo, because it looks a lot like something that tool would write. You need a good ass kicking.
T Boone, didn’t read.
Talk on the nymex that boone is blowing out. i cannot verify the authenticity of this rumor.
# 11 what NYMEX are you talking about?? Rumor spreading bitch SHUT-UP. love Lenny The Whip.
“Private Equity” is another moron hired by Dealbreaker.
That’s what happens during recession.You hire anybody
for cheap as long as they speak English even if it’s nonsense.
Honestly, I can’t get the f*ck of what your column is all about.
You such an *d*ot that you are so threatened by China’s participation. If I were the President of China, i will do more people to scare you until you pee in your pants.
@14- you’re an idiot and obviously new around here. ep has been writing for db in various capacities for quite some time, including carney’s 6 week sabbatical last spring.
correction I meant….”Equity Private”
“Private Equity” is another moron hired by Dealbreaker.
(Reading is fundamental).
“You such an *d*ot that you are so threatened by China’s participation. If I were the President of China, i will do more people to scare you until you pee in your pants.”
No, I’m frightened that one of the great central planning economies of the current age:
1. Was actually invited to participate (certainly this implies a lot of change and unpredictability and hints at how bad things are).
2. Actually did it. If they ever go farther than quasi-capitalist then the United States will have a problem.
Also, seriously, who self-censors “idiot” ?
So, you are from the outskirts of Beijing? How’s it been laying down for the government in exchange for them only shooting a few dissidents and promising to keep it quiet and throw you a few Yuan here and there? And how are you getting past their great internet wall?
Well, anyhow, welcome.
China cooperated with the West? yeah because China realized there are a bunch of id*ots who don’t know how to run the Western Style financial system.
China cooperated with the West? yeah because China realized there are a bunch of idiots who don’t know how to run the Western Style financial system.
China cooperated with the West? yeah because China realized there are a bunch of idiots who don’t know how to run the Western Style financial system.
China cooperated with the West? yeah because China realized there are a bunch of idiots who don’t know how to run the Western Style financial system.
Still have yet to realize how the comments system works, though. Someday…
@18:
Since you are obviously also 19, 20 and 21 as well as 14 and 16, it’s good to see you loosening up a little with the five letter words. I suppose the censors might still get you and haul you off before shooting you and sending your family the bill for the bullet, but live a little, right?
Just a piece of advice though: Try learning to post one comment at a time before calling someone else “idiot.”
# 17
I’m not from Beijing. How I wish time like this.
I’m an American. The reason why I *diot the IDIOT is it to make it stylish to know if you idiots know how to read.
# 17
I’m not from Beijing. How I wish time like this.
I’m an American. The reason why I *diot the IDIOT is it to make it stylish to know if you idiots know how to read.
So EP has been writing here but that doesn’t mean he is good.
There you go it doesn’t take a lot of efforts to blow up your anger.
I LOVE IT ! I LOVE IT!
Relax idiots.
Don’t take US financial problems get into your nerves.
There are a lot of people on suicide watch list in US. Don’t add your name.