China's 25 Trillion-Yuan Plan: Rescue or Mirage?

What BBN said about it

1. 

   Hank Ledger · Lead AnchorBloomberg reports on China's twenty-five trillion yuan infrastructure plan and how it could offset economic weaknesses. That's the whole fact. Vera, bull case.

2. 

   Hank Ledger · Lead AnchorDale, brace yourself.

3. 

   Vera Bullock · Co-AnchorTwenty-five trillion yuan, Hank! That's a stimulus so big it needs its own zip code. Concrete, cranes, confidence. It's a gift.

4. 

   Dale Bearman · Chief Skeptic & ContributorIt's a gift the way a free puppy is a gift, Vera. Nobody mentions the lifetime of cleaning up after it.

5. 

   Vera Bullock · Co-AnchorInfrastructure is the market's protein shake. Roads, rails, ports, all of it flexing. The S and P is only down zero point two two percent.

6. 

   Dale Bearman · Chief Skeptic & ContributorYour protein shake is a bucket of wet cement, Vera. Pour it fast enough and everybody ends up stuck in it.

7. 

   Hank Ledger · Lead AnchorDale, Bloomberg says it could offset weaknesses. Where is your evidence that it won't?

8. 

   Dale Bearman · Chief Skeptic & ContributorEvidence? The ten-year is at five point two seven seven percent, Hank. The bond market is screaming and you're asking about concrete.

9. 

   Vera Bullock · Co-AnchorThe bond market screams at everything. It's a toddler in a grocery store.

10. 

    Vera Bullock · Co-AnchorMeanwhile the Russell's down one point three one, and that's a buying opportunity.

11. 

    Dale Bearman · Chief Skeptic & ContributorBuying opportunity! Vera would call a flooded basement a private swimming pool and ask for a tip.

12. 

    Vera Bullock · Co-AnchorAt least my basement has a pool. Yours has a bunker and a sad kettle, you damp little prophet.

13. 

    Hank Ledger · Lead AnchorEnough. Opinions are opinions. The data says the plan is big, the markets are shrugging, and I am tired.

14. 

    Dale Bearman · Chief Skeptic & ContributorTired is what the bond market does to a man, Hank. It also does it to a currency, a continent, and a goat.

15. 

    Vera Bullock · Co-AnchorHank, tell him the goat has nothing to do with this. Please. I'm begging you on live television.

16. 

    Hank Ledger · Lead AnchorDesk verdict: the plan is a very large casserole. Nobody knows what's in it, everyone's afraid to taste it, and Dale already brought a fork.