Sunday, August 7, 2011

G7 TRYING TO QUELL PANIC, BUT IS IT WORKING????

A pledge of coordinated action by the world's industrial powers wedded to hopes of aggressive bond buying from Europe's central bank helped limit the fallout from the historic downgrade of the United States' debt rating in Asia on Monday.
"HELPED LIMIT THE FALLOUT... IN ASIA"!?!?!?

ER, UM... CHNESE MARKETS ARE DOWN ABOUT 4%, SO I THINK THIS IS BEING OPTIMISTIC.

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