The FED can't do it alone by Alan Blinder

Washington Post,March 18, 2008 on page A19: Alan Blinder is an economics professor at Princeton. He wrote:" Earth to the White House and Congress: The FED cannot do this job alone. Such thought is the same as Ken Rogoff of Harvard University. "The economy is limping, but it is not collapsing. Patient investors who don't need liquidity and don't have to worry about mark-to-market accounting have a chance to be the J.P. Morgans of our day. Americans must set aside their pride and/or these companies still paying large dividends and enormous bonuses to their top executives? The Treasury should intervene currency market in concert with other nations." Here we can detect US-China economic relations and US economic relations with other nations as well. "Bernanke can do it better than Paulson." My comment: There is a fine connection of the Treasury and the FED when we delve into such relationship. In his final conclusion,Professor Blinder cited FDR:" The only thing we have to fear is fear itself. Unbridled fear is gripping today's financial markets. We need actions." My comment: Let us watch the happenings in the days to come with CONFIDENCE! Francis Shieh a.k.a. Xie Shihao,the interested watcher on Wednesday, March 19, 2008 at 7.34 a.m.