Épuisé

That "exhausted" in French.

Markets seem exhausted. I'm tired of following the stock markets myself. But I still do.

I read that mutual fund managers are still hogs slurping at the trough, even as their customers are down to skin & bones.

WSJ: "Franklin Resources Inc.'s chief executive, Gregory Johnson, made $5.3 million for fiscal 2008 through September while many of the firm's 115 mutual funds were losing money."

I suppose that behavior is no surprise.

China is making smart, long term investments.

WSJ: "A senior official said Wednesday that China is looking at ways to use its nearly $2 trillion of official foreign-exchange reserves to help companies make investments abroad. His comments followed reports that officials have proposed tapping the reserves to set up a fund for overseas energy acquisitions. Also Wednesday, Australian mining company Fortescue Metals Ltd. disclosed preliminary talks with China Investment Corp., the country's $200 billion sovereign-wealth fund ..."

Meanwhile Barry [aka Obama] and Nancy invest US stimulus money in windmills. Sigh ...

Word of the Day

"Asperity" - noun [$10] from the card file
Asperity means 1a. roughness or harshness, as of a surface, sound, or climate: The asperity of northern winters; 1b. severity; rigor; 2. harshness of manner, ill temper or irritability.
Sentence: Markets have reacted with asperity at Obama's so far amateurish efforts to create stability and growth.

Le Mot du Jour

"Exprimer" - verb, transitive - regular -er conjugation
Exprimer means to express. S'exprimer means to express oneself.
La Phrase: L'homme du bunker tâche de s'exprimer avec éloquence dans son blogue.
Sentnce: Bunkerman tries to express himself with eloquence in his blog.