“This is the stupidest American administration in history,” says an old British diplomat, sotto voce.

Submitted by Webmaster on Tue, 29/05/2007 - 04:00

Over to Bill Bonner in Paris…In China, we are told, a new government agency, the State Foreign Exchange Investment Company, could, “effectively create the world’s largest hedge fund.” What does that mean? It means that the Chinese fund’s investment of billions of dollars in the financial markets could send the asset boombooming even more.And also [...]

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