L. Kotlikoff,Prof. of Economics at Boston U. and P. Mehrling,Prof.of Econ. at Columbia University published the above title. Perhaps No Mental Depression may be more appropriate for relevance.
"US economy will squeak by with a moderate recession." I endorse such view.
"Uncle Sam a.k.a. Hank Paulson,Treasury Secretary and Chairman Bernanke of FED are doing precisely what is needed to avoid the mistakes of the 1930s. With credit markets drying up,turning on the faucet by recycling panic dollars back into the financial market would be OK." And I would certainly concur.
"This may sound like socialism or state capitalism." To me,it is socio-economics in action. The combo of private and public sector as I sent my reasoning via previous blogs.
Three key words: "monetizing the debt" may be known to show the magic of the FED and the Treasury Dept. apropos of the policy-wise performance to stabilize the economy for global cooperation and collaboration during the course of time in the days,weeks,months and years to come.
"We Americans have lots of moxie." I endorse such wholeheartedly since we would have plenty of pep to model after Xie in Pin Yin with phonetic equivalents for boasting my ego as my last name is XIE in humor in English and in Pin Yin Chinese if detected?
"We are heading for a safe landing and that there is no way in hell they will let this economy go down the tubes. I agree 100% as USA is here to stay in the mundane world regardless of the trouble at present. Patience is a virtue and Americans regard virtue with value since the time of Ben Franklin i.e. whatever Ben said would be fine and dandy,indeed!
Wall Street Journal,Oct.9,08 page A6: China echoes West in moves to ease crisis: The moves both free up more funds for banks to lend and lower the cost to borrow those funds.
China is already integrated deeply into the global economy. The People's Bank of China(PBC) i.e. the central bank will continue its close communication and cooperation with other central banks and international financial organizations and work together to weather global financial crisis.
Such action dovetails my blogs in my prior submissions for reinforcement.
Page B4: Alibaba plans to invest about $725 million on auction site to fend off Baidu.com
Page C2: China Merchants Bank open in New York as another evidence of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Oct.9, 2008 at 3.25 p.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment