AP: “World stock markets soar after last week’s rout“. IHT: Wall Street, too. So a massive flood of government money is a good thing? Well, I’ll be. Good morning, American workers. Comrade Paulson speaking.
Update: For now, governments’ buying banks and brokerages pays off. Today closed with a record surge of 936 points on Dow Jones industrial average and S&P index gain of over 11%. Paris and Frankfurt markets also do well. See NYT. Cautious and practical free trader WAC? may seek post in new U.S. Department of Correct Thoughts and Lifestyles, as its first Secretary. But will settle for Undersecretary, Sector B.