Wednesday, September 19, 2007

The p-word

Either way, it could be an unkind cut by Henry C.K. Liu

(panic) Nothing more exciting than a few thousand-word analysis of the state of the world economy, eh? (panic) This one, written by one of many analysts who predicted the subprime bust far in advance, is a bit dire. (panic) In that, it differs a bit from what I'm reading in the WSJ these days. (panic) But then, no one in their right mind writing - or editing - for the WSJ or major US media would ever publish such an alarmist perspective. (panic) Don't want to spark a panic.
Time will tell whether Liu's analysis is on point - following an interest rate cut on Tuesday, the Dow is now not very far off from its all-time high.

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