Wednesday, November 26, 2008

chinese show early signs of panic, slashing interest rates

nov 26th, 2008

1.08%? why do they use these unusual numbers, like .27% before? must
be because, like manmohan singh, they are so keen on the ancient hindu
significance of 108, and its fractions :-)

http://www.bloomberg.com/apps/news?pid=20601068&sid=aJd1Td6ZKAao&refer=home

1 comment:

san said...

Ah, time to watch the great dictatorship suddenly realize it no longer has a command economy at its beck and call. What a rude awakening that's going to be. It's like being a dictator without an army.

http://www.iht.com/articles/2008/11/26/business/26chinasteel.php

The free market -- what a subversive thing it is.