Doug Roberts

Declaring Victory Too Soon?

Reinko is right. Total gov't debt - including offsheet - is more than $50 Trillion. Paulson has repeated this in his speeches. $10 Trillion is just the most direct borrowings.

David Fry's Daily Market Outlook

Hi David -
Your lines on the FXI imply that it will go lower. Everybody write about the contagion in China.

Let's be clear - the bottom of the Shanghai market was the first day it fell. Since that first day it has rallied more than 5%.

I suppose you know that FXI are all state-owned companies.

Doug