What Does This Tell You?
About $7 trillion disappeared in the collapse of the economy in 2008, with 28 of the 30 Dow industrials falling by more than 11 percent. So which two didn't sink so low? Wal-Mart and McDonalds. The value of poor people's commodities remained strong. Or is that just my take on things? (See The New York Times' story.)
For another view of things, take a look at what's happening to the Chinese economy, where ships are leaving ports half full. (See The New York Times' story.)
About $7 trillion disappeared in the collapse of the economy in 2008, with 28 of the 30 Dow industrials falling by more than 11 percent. So which two didn't sink so low? Wal-Mart and McDonalds. The value of poor people's commodities remained strong. Or is that just my take on things? (See The New York Times' story.)
For another view of things, take a look at what's happening to the Chinese economy, where ships are leaving ports half full. (See The New York Times' story.)
Labels: The Economy
posted by Jim | 4:52 PM
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