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Sunday, November 23, 2008

Debt/Debtor -- Lend/Borrow... Any fashion it is mixed: Growing Economies require Developing Economies

Schadenfreude or BigandPrude... It's Still the Economy, Stupids: Part 3-1/2
Update by Pat Darnell

Why China's Stimulus Plan Will Change the World,
By Bill Mann and Tim Hanson | November 12, 2008
[Source]
In other words, what goes around, comes around. Global schadenfreude toward a stupid and greedy United States and its subprime mortgage meltdown has rapidly become global concern about how to rescue the world from an all-encompassing financial disaster. Here's just a smattering of companies large and small that recently announced lowered outlooks for the year: Under Armour (NYSE: UA), News Corp. (NYSE: NWS), Starbucks (Nasdaq: SBUX), Vodafone (NYSE: VOD), Electronic Arts (Nasdaq: ERTS), ADP (NYSE: ADP), and Hormel (NYSE: HRL). (Yes, in these tough times, even the outlook for Spam is grim.)


Shameful joy? Sounds like catholic love-making which, depending upon how much alcohol was consumed the night before may actually give rise to a little schadenfreude for one one of the participants. (Kenski; HERE)

-- and --
Failing Like Japan,
By Bill Mann | November 11, 2008
[Source]


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