isay:

gilmoure:

crazynutjob:

The article is long. It’s not terribly important that you read it. The headline is everything. Certainly there’s (gallows) humor here.

What does this mean?

I think unfortunately it means that as the markets begin to panic about China’s economy being unable to sustain meaningful growth the dreaded double-dip recession becomes more likely.

And in Australia if Tony Abbott becomes Prime Minister we may well be fucked and dragged into the recession that has engulfed the rest of the world…just sayin’ kids, don’t vote for that jug eared cunt*.

*This has been a public service announcement by iSay.

I guess I was a bit ambiguous. I found the humor in a slightly different direction (independent of the cause). Everyone was big on China to remove the peg to the dollar because the “unfair” valuation of the Yuan was hurting American businesses. Removing the peg would naturally make the Yuan stronger, and American manufacturers would appear out of nowhere and take back our jobs from the Chinese. But that’s not what happened. So it’s gallows humor for two reasons. First, the whole premise was funny because manufacturing jobs don’t appear in the US just because China’s currency becomes stronger. Second, it’s gallows humor because China’s currency didn’t get stronger, so if our economic prosperity was hinged upon that, we’re totally screwed. We wasted a lot of political capital to get China to change their currency policy. But iSay’s perspective on the gallows bit is just as valid. I just don’t find that gallows perspective nearly as humorous.