Bernanke Warms of grave threat to US economy

Washington Post Sept. 25, 2008 page D1. But Peter Orszag, the director of the Congressional Budget Office, testified that the proposed bailout could actually worsen the crisis by revealing more troubled assets on companies' books. Readers must read both views and make up your own mind. Nobody knows for sure until empirical evidence comes out in the days, weeks, months or even years.

"With photo of Lawrence H. Summers as the successor to Henry Paulson Jr. after January 20, 2009. Summers was Treasury Secretary from 1999 to 2001. A top economist with a penchant for controversial remarks, making him a long shot,Washington insiders say. Is he open to returning to the Treasury?"

I published an article apropos of Purchasing Power Parity in the Atlantic Economic Journal in 1980s and I found an article by Summers with the same rationale couple years ago. Such coincidence would be the search of searches in learning economics.

Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics from Shanghai,China in 1947. Sept. 25, 2008 at 11.42 a.m.