Tuesday, September 16, 2008

Die Industrie wächst überdurchschnittlich, die Milliardeninvestitionen zahlen sich endlich aus.

Industry is growing , the investment of billions is finally paying off.

Investment in industry = money. Wow, now is that a concept someone ought to consider here. What has American economy been investing in? Mortgages. Credit.

Nothing has amused me so much as Lehman and AIG screaming as their credit rating goes flushing down the toilet. Hee hee hee hee hee. They spent years buying things (mortgages and other investments) without adequate consideration of the long-term consequences. Just like the American idiot-Citizens (houses, credit cards). They spent decades without considering the consequences to their credit rating. Just like the American idiot-Citizens (buy more more more). Basically, they spent years underwriting the stupidity of American financial choices. People's credit goes down the tubes .... and now theirs does.

Welcome to the junk-bond neighborhood of modern America, Mr. investment bank owner. Oh, but that includes the Savings & Loan business, as well.

Perhaps more people ought to realize that the best choice for their kids' foreign-language immersion schools (really popular here) ought to be Chinese. Since they're going to wind up owning most of America, if they don't simply drown us in cheap plastic junk.

1 comment:

STFU & GBTW said...

It's actually pretty complicated and goes back to the 30's.