Washington Post,Oct.23,2008 on page D1 and D8:
Firms across sectors gird for recession as HEADLINES. Shadows over stock markets worldwide. Economic news is overwhelming. The state of the economy is shaky!
Wall Street Journal,Oct.23, 2008 page A12:
"Made in China is the favored brand of worried Western consumers" said Ben Simpfendorfer, an economist with Royal Bank of Scotland. I would reason that trade deficit is attributable to the less expensive products from China, purchased by Americans to save money.
WTO is a bulwark against protectionism. Such view is the same as my prior blogs to honor the Law of Comparative Advantage for the benefit of folks in nations in the world. Free trade is the aphorism for students of economics.
Page A16:
An Obamanomics Preview: I have reason to believe that if and when Obama is elected,he would care for folks in America with another stimulus after January 20,2009 provided that the economy is worse by then.
Page A17: Economist Michael Boskin of Stanford University defends McCain as an advisor. He used the word "Capitalism" to try to convince voters that capitalism is the good model for USA. But we must face the empirical evidence from the financial crisis and the role of the government i.e. the public sector to rescue the economy. Ponder such empirical evidence and make up your own mind for the realistic socio-economics in America today i.e. to serve American society with relevance as I stated in prior blogs.
Francis Shieh,a lifelong student and a contributor to Economics textbook by George Bach of Stanford University decades ago when Boskin was also a contributor for the 9th edition.
October 24, 2008 at 7 a.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment