WSJ Sept.16, 08 page A10:
China cuts key rates amid strains. With the economies of the US,Europe and Japan showing ever more signs of weakness - some forecasters now expect a recession in all three - an increasing share of the world's fortunes is now riding on continued growth in China. That is one reason the move to shore up growth in the world's 4th largest economy is likely to be as welcome abroad as at home. Here we detect Sino-American Economics re globalization in the name of economics.
Page A24: Review and Outlook: Surviving the Panic: What the economy really needs is a big pro-growth tax cut, the kind that will restore confidence and risk-taking. However, as of 2.30 p.m. on Sept.16th, FED decision not to cut rates. Let us watch the repercussins in the days to come. FED's mettle will continue to be tested.
New York Times: Page A6: Chinese characters in photo re a hospital in Nanjing. Such photo reminds me of my teaching assignment at Nanjing University of Finance and Economics in the Fall 2002 as an American expert.
Page B7: Charlie Chan films - Police Chief Dan Liu was a career law-enforcing officer for 42 years and 21 years as the Chief with a long record.
Page C12: China eases monetary policy - Western economists i.e. Goldman Sachs welcomed a step toward lower rates as I envisioned in my past blogs.
Francis Shieh a.k.a. Xie Shihao,a lifelong student and watcher of Sino-American economics in action. Sept. 16, 2008 at 3.40 p.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment