On Wednesday we warned readers of a coming blow-up of the Chinese economy, calling it a “tinderbox waiting to catch a fire.” The problem, of course, is that the US is not the only country hell bent on ‘stimulating’ its economy back to life. Communist China is at it too!

A banker, they say, is someone who wants to give you an umbrella when the sun is shining… and then takes it back when it rains.

Trichet talks tough! Kohn sends warnings… The currencies bounce back! Will the BLS create ghost jobs?

“When I use a word” said Humpty Dumpty in Lewis Carroll’s “Through the Looking-Glass,” “it means just what I choose it to mean, neither more nor less.” It has always been the ambition of Wall Street to bring its financial statements under a similar type of discipline.