Page A1 Wall Street Journal: US is joined in key rate cuts by China i.e. FED and China People Bank(CPB)the Central Bank work in the same direction to try to solve financial crisis due to global slowdown. Doubts linger on easing's impact,however. As to currency exchange rate,the time-honored Law of Demand and Supply should be noted but the Bank of Japan intervened due to high value of the Japanese currency. Food for thought for leaders to understand such intervention before bashing Japan or China in fairness.
USA Today's Headline published the rate cuts same as WSJ.
Sequel to the prior blogs: Radio says Obama is ahead in polls due to the state of the economy. Voters trust Obama for his direction as a leader. However, Nov.4th is the date to watch for the final counting of the votes.
Francis Shieh a.k.a. Xie Shihao, a blogger to keep readers posted from media with comments. Oct.31,2008 i.e. Happy Halloween. Trick or Treat for kids and adults alike to watch the gritty scenes in this mundane world. But folks with wisdom would stress spirituality for peace and equanimity plus fortitude. At 6.15 a.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment