Consumer confidence in the economy plummeted in March 2008 according to the Conference Board index. Economists attributed the drop in confidence to a combination of dour and gloomy economic news in recent weeks and rising gas prices et al.
Business Week, March 31, 2008 issue with a feature article on The Financial Crisis: This credit quake looks to be the severest threat to the economy for decades, and its tremors are being felt from Wall Street to the Great Wall. Sino-American Economics on the go in negative ways or "go going gone" as the buzz words galore!
The policy makers polled the world with Dollars. It lays the foundation for inflation and another asset bubble on page 29. May I remind the readers that we live in the electronic age with Paper Games to play with the blessed confidence of the players and our reciprocal confidence to go through such painful days.
Francis Shieh again with thoughts on the state of the economy. March 26,2008 at 2 p.m.
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