It would be desirable for our thoughts to turn to a sunny perspective with optimistic scenario even though the past days have presented global economy with the most serious challenges to the US economy in decades. The financial markets have reflected such uncertainty of the situation. However,given the circumstances, the economy has held up with the upcoming passage of the bill into Emergency Stabilization Law in anticipation for the best interest of the United States.
FED may cut interest rates to provide financial markets with ample liquidity while Congress and the White House will go forward with timely bailout to rescue the crisis of the financial system. Such galvanized action would avert a depression in the days to come. Let us hope for the best for the best interest of all folks on earth. Economics is certainly relevant to all homosapiens,indeed!
Needless to say, it is unsettling to witness the markets and our investment returns declining. However,it is important to keep a long-term outlook with faith,hope and charity as our mindset. I hope the readers would reason the same way as well apropos of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao,an octogenarian to seek the light side of economics from our philosophy of life in this mundane world. October 3,2008 at 7 a.m.
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