Thursday, August 11, 2011

Wsj: Dr doom roubini says 50 percent chance of global recession

on sony android phone

3 comments:

Inferno said...

OT: Chinese state-owned train manufacturer, China CNR, will recall 54 bullet trains, as problems continue to plague the industry .

"We will suspend for the time being the examination and approval of new railway construction projects," the State Council said in a statement.

sansk said...

I read somewhere that Chiease stole the technology from a German company which was given a contract to build one line/train. Later when the company was expecting continuing business (on account of doing good job), it was dealt a hard lesson in real economics. The Chinese government gave contracts for further business to a Chinese company which stole the technology.

Maybe we are seeing the results of Chinese being too smart by half.

sansk said...

If you think Dr Roubini is a Keynesian idiot who thinks Gold is in a bubble, you have not seen the real idiot....
Mr. (Noble Prize Winner ConMan) Paul Krugman has been openly and freeing advocating a war to get US out of recession.