NY Times,Sept.29, 2008 Page A25:
Paul Krugman: Mr. McCain is more frightening as he declared that America's financial markets have become a casino.(sic) and the modern economy, it turns out ,is a dangerous place.
Page C1: To many,a recession seems unavoidable as I sent my blogs months ago.
USAToday: Page 1B: Americans gloomier for now: 33% surveyed say we are already in a depression. 42% on page 2B - a year from now- better economic times i.e. growing. Have your own scenarios,please? It is fun to make projections.
Warren Buffett said we'll have the worst market meltdown we have ever seen. And I concur.
Sung Won Sahn,Professor of Economics at California State University: "Financial market is sliding farther downhill at an accelerating speed leading to an inevitable crash." Well, I think the economy may be exacerbated but not a crash per se!
I have reason to believe that the word "crash" is more than hyperbole(exaggeraton) i.e."kuazhang" in Pin Yin.
Sino-American Economics will be sustainable for mutual benefit in the 21st century.
Francis Shieh a.k.a. Xie Shihao. September 29, 2008 at 4.05 p.m.
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