Stock Futures Jump on News of China's Bailout Plan

Stocks look like they are going to rally today, helped in part by news that AIG restructured its bailout package and that China put together a $586 billion bailout plan of its own. The NY Times calls China's plan, which involves infrastructure projects like building "railways, subways, and airports and [rebuilding] communities devastated" by the Sichuan earthquake, a "sweeping move." Shroder Investment Management's head of global equities Virginie Maisonneuve told Bloomberg TV, "This is very encouraging. We need a speedy implementation. From a sentiment standpoint and in terms of planning ahead, this will create a positive shift."

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By Jen Chung in News on November 10, 2008 8:14 AM

Comments [rss]

NannyState

@#7, you think it was US Black Ops but I have it on good authority that it was the Swiss all along and that the viruses were passed during a G8 summit in Davos in 1998. Jiang Jemin was overheard to remark: "Wonderous alpine scene always remind me of happy time here" as he shook the presentation snow domes. Years later, in Dalian, his grandchildren traded the tchotschkes with a P.L.A. guard for some White Rabbit candy. Their happy bellies full of melamine, they cast off the next great global epidemics.

Shinobi Shaw

I don't think people should worry about China's rising power, it won't last as long as people think.

On top of that there might be something in the future regarding their stature in the world and where they stand......

JacqueMehoff

thank God for the Chinese.

Mao Tse Donged.

FranklinBluth

Is it a bailout plan or stimulus package?

babyhitler

the chinese are scary because they don't have western gluttonous spending habits. They save and save and save some more. Can you imagine a country full of a billion mini warren buffets? They've already taken over the phillipines,thailand, malaysia, and Indonesia and many other tiger nations. It's a good thing the US Black Ops keeps sending them SARS and Bird flu.

matty

Personally I think a similar stimulous plan involving US infrastrcuture projects would do well here. I think that is what Obama is trying to get started.

Kojak

This is undoubtedly the work of our glorious leader. May his generosity bring forth prosperity and peace!

http://www.obeythepurebreed.com/cat_wallpaper.html

NannyState

The masses have been mobilized and the People's Liberation Army is preparing to take Global Recession Mountain by strategy.

Felix Hoenikker

The Chinese are flush with cash and will pull this off handily. They've supplanted most of our manufacturing and have built their own consumer class to sell to. We are not needed anymore, and since we are cash poor and in massive debt, not wanted.

Toby von Meistersinger

It is easy to fix a country where there is a repressive regime and they can throw anyone in jail that disagrees with them. No doubt the plan will continue China's stellar record of human rights and concern for the environment.