Wednesday, Jul 22, 2009
Don’t be fooled by market optimism
MSN: Don’t be fooled by market optimism
The global economy is a bit like one of the ugly sisters.
Worried that the economic ball we'd all been having will collapse, she's been dressed up by hundreds of billions in taxpayers' cash which has been pumped into bank bailouts, public works, selected industrial rescues and a kind of financial liposuction called 'quantitative easing.'
This has produced some substantial cosmetic improvement, but things are far from attractive underneath.
Posted by cynical_man @ 09:40 PM (371 views) Add Comment
2 Comments
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1. fubar said...
I love the ugly sister comparison. A simple little word picture that sums it up perfectly.
2. This comment has been removed as it was found to be in breach of our Blog Policies.