Greetings to all. Tomorrow's headlines should have steps to ease financial crisis in some concrete ways hopefully. However,credit will be tight for businesses and consumers plus the confidence may be eroded in the days to come for retailers re Christmas sales. The finance Ministers are in town and action may be taken.(sic)
Ronald Wilcox, author of "Whatever Happened to Thrist: Why Americans Don't Save and What to do about it." Yale University Press. $30. My comment: Americans borrow and spend as the popular lifestyle;one of the factors causing the current state of troubled economy. The low savings rate in USA vis-a-vis Chinese high saving rate for different lifestyles as known. The average US household has close to $10,000 in credit card debt. Since stocks are down eroding the savings of millions of Americans and forcing those who had planned to retire in the coming years to reconsider their plans as retirement wreck. Here I reiterate my blog published in May 18, 2008 for reference.
Upcoming Event: Air Show China to be held in November 4-9, Zhuhai, China. Published by Defense Technology International. October 2008 issue.
The best seller book: "Three Cups of Tea to promote peace." Penguin. $15. By Greg Mortenson and David Oliver Relin. Perhaps such tea is from China to promote peace in the days to come for international finance.
Francis Shieh a.k.a. Xie Shihao, a market watcher for Sino-American Economics in the positive ways for the readers of www.Blogger.com
October 12,2008 at 10.38 a.m.
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