Washington Post,May 13, 2008
Page 1: US outlook is worst since 1992 Poll Finds. on page D8: Inflation climbed to almost a 12-year high in China,swamping official efforts to cool surging living costs.
Page D5: US scene- Oil's retreat helped soothe investors concerns about inflation and consumer spending. However,investors are looking to readings on consumers to determine how rising energy costs are affecting spending to cause recession. That remains to be seen. As I sent my blogs in the past: Inflationary stagnation! We are concerned about two economic fronts plus two military fronts of Iraq and Afghanistan .
Sino-American Economics topic would be the concern of all folks in USA and in China in the days to come.
Francis Shieh a.k.a. Xie Shihao, a watcher of prices as a consumer of energy and food everyday. May 13, 2008
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