State of the Economy

Economists expect personal income and spending have grown about 0.2%. We can detect the arrival of stagflation as I sent my blogs in the past. FED chairman will deliver report and testimony to Senate Banking Commitee on Feb.28th but will have the same tone and language as the testimony on Feb. 14th in the forecast and the report on Feb.20, 2008. The financial firms are the core of global infrastructure, and they must be stabilized before the economy moving ahead. The outcome would depend on the players with international financial clout to be involved with such games for globalization. Francis Shieh a.k.a. Xie Shihao on Sunday, Feb. 24, 2008