Friday, January 18, 2008

Citigroup lands contract for DOD Travel:Washpost 1/17/08

Citigroup, the biggest US bank by assets, will provide travel charge-card services to DOD. The contract is valued at $40 billion over the next decade. Stimulus package in anticipation for peace with cost apropos of humor for insights!?
Wall Street Journal,January 17, 2008 on page A8: Rising prices in USA.
On page 14,Rising prices in China. By coincidence,such happenings occur via serendipity or otherwise by design or by incident. Oil or Food prices?
Both nations are facing inflation. There is the common ground of Sino-American economics to try to resolve such problems in the days to come by leaders with consultation to economists of both nations. Technically speaking,it is a matter of adjusting the aggregate demand and aggregate supply to reach the target as optimum but there are expansionary and recessionary gaps from the Keynesian Cross. There are cross streets in China so such model can be used as references for both nations. Such ideal situations may be found in textbooks. In the real world,humans are calling the shots and there is a need of good leaders to handle good policy for the benefit of the folks in the days to come. Let us watch the empirical evidence in the days to come via global outlook. My comment rests here. Francis Shieh, a lifelong student trying to learn economics. Xie Shihao on January 18, 2008.

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