New York Times: March 4, 2008: Page A1: As consumers struggle to save,firms are piling up cash. My comment: Most folks are consumers to save to buy Chinese products under the economic(financial) circumstances nowadays. Corporate executives are doing OK as high rollers. Cf. "The Trillion Dollar Meltdown" an expose with revealing story of the real world. Please read my blog dated March 4, 2008 for details.
Washington Post,March 5, 2008 page D1 D3: With Dow Jones, Murdoch controls the Journal, Ottaway Community Newspapers, Barron's, Market Watch.com. Factiva, the Dow Jones indexes and other assets.
Page D3: Citi stock drops on loss forecasts with global recupercussions...
Page D4: Business Section: Yen's sharp rise(abnormally rapid way) against dollar is stirring anxiety from Japan's finance and economy ministers.
Japan's strong currency may hurt exporters. Would Japan's central bank to intervene to the current market? That remains to be seen.
My comment: US likes to see China's currency Yuan to rise and it is in evidence already. Chinese leaders would have concern as well due to the effect on China's exports. I have noticed the closer relations between China and Japan lately. That would have an impact on USA as well to be reflected in Sino-American economics.
Francis Shieh a.k.a. Xie Shihao,a lifelong student in economics. March 5, 2008 at 10.25 a.m.
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