Welcome Step re China's Stimulus Plan

Washington Post,Nov.10, 2008 on page A12:

David H. McCormick, US undersecretary for international relations at the Treasury Department called China's Plan a "welcome step." He also said in Sao Paulo, Brazil:
"We certainly recognize that a big portion of what's happened to the global markets has been due to some of the challenges we've had in the United Ststes. We recognize a responsibiity to take leadership."

Here we can understand Sino-American Economics in terms of global economy as stated above with thoughts of upcoming G-20 Conference in the White House on Nov.15, 2008.

Francis Shieh a.k.a. Xie Shihao, an observer of the economic happenings with the opportunity of learning human behavior reflected in economic policy to solve global financial problems in the 21st century.

WashPost,Nov.9,08 page F2:

Nobel Laureate's Fund Halts Withdrawals:
Platinum Grove Management, the hedge-fund firm co-founded by Myron Scholes,the Nobel Winner in Economics, stopped investor withdrawals from its biggest fund after it lost 29% in the first half of October. Professor John K. Galbraith's aphorism decades ago is still true today:

"There are those who don't know and those who don't know they don't know."

Scholars (including Nobel Winner in Economics) are not in a position to guarantee the earning of profits in the markets. Economics is a science of change and choice in a nutshell.

Francis Shieh a.k.a. Xie Shihao, a lifetime student trying to learn the fluctuating fields of economics as "the Queen of Social Sciences" i.e. human behavior in the inexact economic science.

Monday, Nov. 10, 2008 at 10.26 a.m.